Question
The following situations involve the provision of nonaudit services. Indicate whether providing the service is a violation of AICPA rules or SEC rules including SarbanesOxley
The following situations involve the provision of nonaudit 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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