Assume that a CPA firm audits Snow-Town, Inc. Which of the following individuals is least likely to be considered a covered member as that term is used in the interpretations of the AICPA Code of Professional Conduct?

Ibrahimhamm

Save to bookmark

2022-07-05

123

An auditor who is a staff accountant assigned to perform basic and routine audit functions on the Snow-Town, Inc. audit but has no managerial responsibilities in the audit firm.
An auditor who is a partner working out of a distant office of the firm who has provided five hours of consulting services to the client on a one-time engagement.
An auditor who is a partner in a distant office of the firm, does not participate in the Snow-Town, Inc. audit, but is assigned to perform the annual performance evaluations of the lead engagement partner.
An auditor who is a partner in the office in which the lead attest engagement partner primarily practices but is not assigned to the Snow-Town, Inc. audit engagement.

Accounting, textbook solutions, MCQ Questions, Accounting textbook-solutions, Accounting MCQ-questions,

All Answers

Ibrahimhamm

2022-07-05

need an explanation for this answer? contact us directly to get an explanation for this answer

B. An auditor who is a partner working out of a distant office of the firm who has provided five hours of consulting services to the client on a one-time engagement.

Explanation: This partner is not in a position to influence the audit engagement and has provided less than ten hours of consulting services and thus would not be considered a covered member.

need an explanation for this answer? contact us directly to get an explanation for this answer

total answers (1)

Assume that a CPA firm audits Snow-Town, Inc. Which of the following individuals is least likely to be considered a covered member as that term is used in the interpretations of the AICPA Code of Professional Conduct?

All Answers

Similar questions

need a help?

find thousands of online teachers now