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eFishie eFishie
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6 years ago
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

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


Edition: 12th
Authors:
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charleshardtcharleshardt
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6 years ago
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eFishie Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
GeorgeNeist
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Yesterday
Thank you, thank you, thank you!
branbran2k16
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2 hours ago
Smart ... Thanks!
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