Beruflich Dokumente
Kultur Dokumente
an independent
CPA firm perform the annual audit?The reason that there needs to be an
independent auditoris so that they can remain unbiased. It could potentially
make them less independent if they areauditing both Lakeside and the bank in
which Lakeside is taking loans from. The auditing firmneeds to stay independent
in mind and appearance and this may be an issue when auditingboth.2.
This case implies that no auditor with the firm of Abernethy and Chapman has an
in-depthunderstanding of the consumer electronics industry. Is a CPA firm
allowed to accept anengagement without having established the necessary
expertise to oversee the audit?The firstgeneral standard of Generally
Accepted Auditing Standards is that the auditor must haveformal education in
auditing and accounting, adequate practical experience for the work
beingperformed, and continuing professional education (Kursh, Lant, et Al,
2014, pgs. 32-33).Therefore they should not accept the engagement.Would the
knowledge required to audit aconsumer electronics company differ significantly
from that needed in the examination of a cardealership?The knowledge required
to audit a consumer electronics company is significantlydifferent than that
needed to audit a car dealership.Does the auditor have an obligation todiscuss
his lack of expertise, or his plans to obtain the expertise with the client?The
auditordoes have an ethical obligation to discuss his lack of expertise, as well as
discussing if he planson hiring someone with expertise specifically for this
client. 4
Rogers wants Abernethy and Chapman to assist his company in developing new
accountingsystems. Does a CPA firm face an independence problem in auditing
the output of systems thatthe same firm designed and installed?Yes, if a CPA firm
were to develop new accountingsystems specifically for the company then they
would lack the independence needed to testthem. Therefore Rogers should have
hired a consulting or software development company tohelp develop a new
accounting system as it could not have been completed by the auditing
firmdoing the current audit.
Also, since this is a public company the SEC website states: Financial
information systems design and implementation. Designing and implementing a
hardware orsoftware system used to generate information that is significant to
the audit client's financialstatements may create a mutual interest between the
client and the accountant in the successof that system, supplant a fundamental
business function, or result in the accountant auditing
his or her own work (SEC, 2000, para 18).
Does your answer depend on if the client is publiclytraded or not, how so?Yes,
publicly traded companies are monitored by the AICPA Code ofProfessional
Conduct requirements which do allow this.
Kasus ini menunjukkan bahwa tidak ada auditor dengan perusahaan dari
Abernethy dan Chapman memiliki di-depthunderstanding industri elektronik
konsumen. Adalah sebuah perusahaan CPA diperbolehkan untuk menerima
anengagement tanpa mendirikan keahlian yang diperlukan untuk mengawasi
audit? The firstgeneral standar yang berlaku umum Standar Audit adalah bahwa
auditor harus haveformal pendidikan di audit dan akuntansi, pengalaman praktis
yang memadai untuk pekerjaan beingperformed, dan berlanjut profesional
pendidikan (Kursh, Lant, et Al, 2014, pgs. 32-33) .Oleh mereka tidak boleh
menerima engagement.Would pengetahuan yang diperlukan untuk mengaudit
aconsumer perusahaan elektronik berbeda secara signifikan dari yang
dibutuhkan dalam pemeriksaan cardealership itu? pengetahuan yang dibutuhkan
untuk mengaudit perusahaan elektronik konsumen menunjukkan perbedaan dari
yang dibutuhkan untuk mengaudit sebuah dealership.Does mobil auditor
memiliki kewajiban todiscuss kurangnya keahlian, atau rencana untuk
mendapatkan keahlian dengan klien? The auditordoes memiliki kewajiban etis
untuk membahas kurangnya keahlian, serta membahas apakah ia planson
mempekerjakan seseorang dengan keahlian khusus untuk klien ini. 4