Question
Green, CPA, is requested to prepare a written report on the application of the requirements of an applicable financial reporting framework to a specific transaction
Green, CPA, is requested to prepare a written report on the application of the requirements of an applicable financial reporting framework to a specific transaction by an entity that is audited by another CPA. Green may;
Not accept such an engagement because Green would lack the necessary information on which to write such a report without conducting an audit. Not accept such an engagement because to do so would be considered unethical. Accept the engagement but should consult with the continuing CPA to ascertain all the available facts relevant to forming a professional judgment. Accept the engagement but should form an independent opinion without consulting with the continuing CPA.
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