Non Attest Services

Question 1

Management responsibilities which impair independence

Answer 1

Setting policies
Hiring, terminating, directing client empl
Authorizing, executing transactions
Preparing source documents
Having custody of assets
Deciding which recommendation implement
Reporting to those charged with governance
Accepting responsibility for Financial statements
Accepting responsibility for a client’s project
Accepting responsibility for designing, implementing maintaining internal control
Performing evaluations of control