Employment relationships Flashcards
1
Q
pope (partner in a firm) can serve as a professor as long as
A
does not hold key position is not on attest team is not a pti not on tenure basis part time no employee benefit plan no management role
2
Q
pope may lend prestige of charitable org that is a attest client if
A
the position is honorary
cannot vote
no management role
3
Q
if a pope is a campaign manager for a politician then the firm
A
cant audit the campaign
can audit the political party of the candidate or the gov unit in which he will hold office
4
Q
if a person from an attest client comes to a cpa firm then
A
can’t be on the attest team from when they were there. can be a ten hour person or opio
5
Q
independence is impaired if belong to a trade association that is a
A
attest client
6
Q
gifts of attest clients are an indepenence violation unless the gift is
A
insignificant to the recipient
