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You have just recently become a member of your local non-profit housing co-op by moving into the ...

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You have just recently become a member of your local non-profit housing co-op by moving into the ...

You have just recently become a member of your local non-profit housing co-op by moving into the largest unit. The Board of Directors has asked that you handle the review engagement, but you are concerned about independence. What is a practical way for you to stay in the co-op but also perform the review engagement?
A) Request a bylaw stating that the accountant cannot vote for Board members.
B) Do a compilation rather than a review engagement.
C) Have all the preparation work for the review engagement completed by a Board member.
D) Include a paragraph in the review engagement report stating that you are not independent.

Textbook

Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Edition: 12^th

Authors: Arens, Elder, Beasley, Splettstoesser

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eFishie Author

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Thanks for your help!!

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Thank you, thank you, thank you!

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this is exactly what I needed

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