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The following situations involve the provision of non-audit services. Indicate whether providing the service is a violation of AICPA rules or SEC rules including SarbanesOxley
The following situations involve the provision of non-audit services. Indicate whether providing the service is a violation of AICPA rules or SEC rules including SarbanesOxley requirements on independence. Explain your answer as necessary.
- Providing bookkeeping services to a public company. The services were preapproved by the audit committee of the company.
- Providing internal audit services to a public company audit client with the preapproval of the audit committee.
- Providing advice to a private company client on accounting for a merger with another private company.
- Providing bookkeeping services to a private company. The source documents were prepared and authorized by the client.
- Providing internal audit services to a public company that is not an audit client.
- Implementing a financial information system designed by management for a private company.
- Recommending a tax shelter to a client that is publicly held. The services were preapproved by the audit committee.
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