The following individuals are on the engagement team and on the management of YOUCPA:

• Sarah Ball, Senior Partner, YOUCPA
  • Manages the YOUCPA partnership
  • No financial interest in client
  • No relative with firm
  • No past history working with client in a direct manner (meaning working for the client as an employee)
• Bill Davis, Managing Partner, YOUCPA
  • Managing the audit of the client
  • No financial interest in the client
  • No relative with the firm
  • No past history working with the client in a direct manner
• David Youssef, Manager of Taxation Services, YOUCPA
  • Manages the taxation services for the accounting firm
  • No financial interest in the client
  • No relative with the firm
  • No past history working with the client in a direct manner
• Yewel Faraday, Manager of Information Consulting, YOUCPA
  • Manages the information consulting for the accounting firm
  • Yewel has no financial interest in the client
  • No relative with the client in a direct manner
• Frank Bell, Supervisor of Auditing assigned to Client, YOUCPA
  • Will supervise the audit at the main plant
  • No financial interest in the client
  • Wife works with client as a worker in the plant
  • Wife has no control or influence on the impact or creation of the financial statements
  • Wife has been working there for 20 years
• Beth Wright, Supervisor of Auditing assigned to Client, YOUCPA
  • Will be auditing the distribution locations
  • No financial interest directly in the client
  • Does own a mutual fund that is invested in the client
  • Mutual fund estimated value is 0.01% of the total value of the stock market value of the client
  • Mutual fund makes all decisions on who, when, and how much they invest in corporations
  • Total investment in the mutual fund is $1,000
• Wilbur Singation, Auditor, YOUCPA
  • No financial interest in the client
  • No relative with the client
  • No past history working with the client in a direct manner
  • Has contacted a head hunter looking for a new, better position
  • Head hunter has discussed his qualifications with many firms, discreetly
  • Wilbur does not know the firms or the content of those discussions
• Sam Martin, Auditor, YOUCPA
  • No financial interest in the client
  • Cousin works with the client in a role as the mail distribution person
  • Cousin handles the mail
  • Conversation with cousin has been rough in the past over a small debt the cousin still will not pay
  • The amount of the debt is $500
• Mary Franks, Auditor, YOUCPA
  • No financial interest in the client
  • No relative with the client
  • No past history working with the client in a direct manner
• Phil Cole, Auditor, YOUCPA
  • Recently joined the team
  • Used to work at the client less than a year ago
  • Was responsible for financial planning and control
  • Left to experience the auditing profession
• Callie Smart, Auditor, YOUCPA
  • Just graduated from a prestigious online university in Illinois
  • No relative or any direct relationship to the client
  • No investment in the client
• You, Auditor, YOUCPA
  • No investment in the client
  • No past working relationship with the client in a direct manner
  • No relatives working at the client

Assignment Guidelines:

For each individual on the engagement team and on the management of YOUCPA, complete the following:

• Determine if they are or are not independent. Explain your reasoning.