What work can the auditing firm perform?, assignment help

Are you pressed for time and haven’t started working on your assignment yet? Would you like to buy an assignment? Use our custom writing services for better grades. Even if your deadline is approaching fast, our writers can handle your task right when you need it.

Order a Similar Paper Order a Different Paper

Related to Sarbanes-Oxley and auditor independence, here is a scenario. What work can the auditing firm perform?

Smith, CPAs has obtained XYZ Corporation, a new publicly held client.
XYZ Corporation has various accounting related needs that Smith, CPAs
would like to fulfill. Partner-in-charge P. Smith has discussed with XYZ
Corp. the possibility of performing the annual
audit of XYZ Corp. as well as preparing the tax returns, business plan,
quarterly write up services, and providing consultation on the
viability and valuation of mining gas reserves in Tennessee. An outside
expert would be hired by Smith CPAs to provide expert
advise to the CPA firm on mining gas reserves.

Additionally, Smith CPA’s audit manager who will be assigned to this
audit has previously been approached by XYZ Corp. to come work for the
company as Chief Financial Officer. So far to date, the audit manager
has refused the offer since his cousin’s sister-in-law
is a 10 percent shareholder in XYZ Corp. and does not want her to have
any say in his employment.

Under the Sarbanes Oxley Act of 2002, what issues do you see and how
would you advise Smith CPAs? Is there ever a time when Smith CPAs could
perform any of these services for XYZ Corporation?


Most students find it hard to finish papers at some point in their studies. If it ever happens to you, don’t get desperate—we have a service for every writing emergency! Whether you’re stuck with a problem, equation, or a piece of creative writing, we will definitely come to your rescue. Fill in the order form with the details of your paper. Write your personal instructions so we can meet your expectations.

Order a Similar Paper Order a Different Paper