Avis Love Case

(1)Professionally speaking, it would not boast been appropriate for Avis to substitute another(prenominal) store for lineage 51 after she discovered the errors. This is the identical as condoning machination and would go against the chisel of an auditor. She would jeopardize her temperament and even the reputation of her firm. (2)Mo Rappele would most likely be the most affected by Avis decision as he was the one who committed tosh and would likely lose his job as a resoluteness of her findings. Avis felt that she had an engagement to foster him out since he had be kind to her when she was auditing his branch, however, Avis does not have any professional contract to him. Avis does however have an compact to her boss Teddy Tankersley because her findings be him and the firm that they work for. She in any case has an obligation to the investors/ users of Lowells financial statements. She is certifying that the financial statements reflect accurately the e conomic state of the company. Lastly she has an obligation to the CEO of Lowell ashes Shamblin to report her findings so that they can be dealt with accordingly. (3)The AICPA has independence standards and is very clear about(predicate) how an auditor can violate independence from the firm it is auditing.

It is not forbidden to form friendships with clients however the AICPA legislation of professional lead does stipulate that there are spring and limits to the friendship auditors and clients form. single measure that auditors can take to bar friendships from interfering with the cognitive process of their personal responsibilities is to ensure! that independence is continuously the most of the essence(p) thing. If it comes to a situation where an auditor is shy(p) of being able to go for independence, they should back out. Furthermore, when forming these friendships, ensure that the clients visualise that independence is your priority. (4)The audit objectives of a year-end cash service and gross sales crosscut test is to verify that all sales and cash-receipts...If you want to draw in a full essay, order it on our website: BestEssayCheap.com

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