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A public accounting firm’s independence is not impaired when members of the auditengagement team does which of the following for a public company audit client?a. Prepares special purchase orders for active plutonium in secure national defense installations.b. Completes operational internal audit assignments under the directions of the client’sdirector of internal auditing.c. Prepares outsourced internal audit work on the client’s financial accounting control monitoring.d. Prepares actuarial assumptions used by the client’s actuaries for life insurance actuarialliability determination.e. All of the above would impair the public accounting firm’s independence

A public accounting firm’s independence is not impaired when members of the auditengagement team does which of the following for a public company audit client?a. Prepares special purchase orders for active plutonium in secure national defense installations.b. Completes operational internal audit assignments under the directions of the client’sdirector of internal auditing.c. Prepares outsourced internal audit work on the client’s financial accounting control monitoring.d. Prepares actuarial assumptions used by the client’s actuaries for life insurance actuarialliability determination.e. All of the above would impair the public accounting firm’s independence

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
Problem 39CYBK
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A public accounting firm’s independence is not impaired when members of the audit
engagement team does which of the following for a public company audit client?
a. Prepares special purchase orders for active plutonium in secure national defense installations.
b. Completes operational internal audit assignments under the directions of the client’s
director of internal auditing.
c. Prepares outsourced internal audit work on the client’s financial accounting control monitoring.
d. Prepares actuarial assumptions used by the client’s actuaries for life insurance actuarial
liability determination.
e. All of the above would impair the public accounting firm’s independence

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