Question
NEED HELP WITH QUESTION 2, QUESTION 1 IS ON HERE AND ANSWERED FOR REFERENCE TO QUESTION 2: Look to the AICPA's code for definitions. You
NEED HELP WITH QUESTION 2, QUESTION 1 IS ON HERE AND ANSWERED FOR REFERENCE TO QUESTION 2:
Look to the AICPA's code for definitions.
You are a sales representative for an accounting firm; if a company wants to have an audit performed by your firm, you can sign the contract for your firm without any oversight.
Question 1: list the defined terms in this fact pattern. Each defined term is worth 1 point. 11 points; meaning I see at least 11 definitions here.
Defined Terms in Above fact pattern: Firm, member in business, professional services, public practice, third-party service provider, client, independence, period of professional engagement, partner equivalent, threat, affiliate, and attest engagement
Your firm will begin auditing the company in 2 months; meanwhile, the company is so impressed with you that they start to negotiate with you for a new job, with them employing you 2 years after the audit in a non-key position in the company.
Question 2(a): UNDER THE FACTS LISTED ABOVE, AND ONLY THOSE FACTS, must you turn down the offer of employment? Why or why notbe specific. (2 points for citing the most applicable rule; 4 points for explaining the elements of the rule, 4 points for application of the elements to this fact pattern, and 4 points for the conclusion.)
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