Which of (1) through (7) in part e. are prohibited by the AICPA Code of Professional Conduct? Which are prohibited by the Sarbanes–Oxley Act or the SEC?

The following relate to auditors’ independence: a. Why is independence so essential for auditors? b. Compare the importance of independence of CPAs with that of other professionals, such as attorneys. c. Explain the difference between independence in appearance and independence of mind. d. Assume that a partner of a CPA firm owns two shares of […]

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