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October 26, 2022

Can a CPA be independent without being objective?

CPA Independence [CLOs: 1, 4]. 1st Post Due by Day 3. Can a CPA be independent without being objective? Why or why not? Can a CPA be objective without being independent? Why or why not? Does your answer matter assuming you only provide only non-auditing services to the client? What if you provide both audit and non- auditing services?

DQ2 CPA Ethical Concerns [CLO: 3]. 1st Post Due by Day 3. What is the danger from an ethical perspective of having a CPA firm that conducts the audit of a public company to also engage in consulting for installation of a new financial information system? What about giving tax advice to an audit client? What are the possible ethical dangers of having the tax practitioners at a CPA firm that audits a client entity prepare the tax return for members of management of the client who have a financial reporting oversight role?

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