Smackey Dog Foods

Smackey traverse Foods, Inc Questions: Q1:Discuss how the instant has mildew (if whatsoever) over the usurp stock of Smackey Dog Foods, Inc. The Securities and Exchange Commission has a signifi sessistert drop on the scrutinise of Smackey Dog Foods, Inc. by Keller CPAs. This influence whoremonger be detected in the take stock standards as followed: In the audit of publicly listed companies including Smackey, auditors need to observe principles. Although the standards ar enforceable for the audit of public companies, it can to a fault be use to the audit of non-public companies like Smackey Dog Foods, Inc. Independence is whizz of the hexad ethical principles of the American Institute of Certified globe Accountants (AICPA) principle of Professional Conduct. The other principles ar responsibilities, the public interest, integrity, objectiveness and independence, collectible care, and scope and nature of services. More specific eithery, audit team members are required to be documental and indie with regard to the audit by maintaining objectivity and being bare(a) of conflicts of interest in discharging professional responsibilities and by being self-sufficient in feature and appearance when providing auditing and other attestation services. The SEC has power to get to rules for any CPA associated with audited financial statements submitted to the commission.

In here the influence of the SEC is very obvious. Under the SOX, auditors be in possession of to be objective and independent otherwise legal sanctions can be incurred. The PCAOB also has the authority t o sanction registered CPA firms for any viol! ations of the Act. Q2: Discuss the requirement activities involved in the initial intend of an audit. How do these all specifically to the Smackey Dog Food guest? The following are some of the needed activities involved in the initial planning of an audit and as they applied to Smackey Dog Food, Inc. 1.Understand the clients care and industry. Obtaining an understanding of the clients business is key to an effective...If you want to get a honest essay, browse it on our website: BestEssayCheap.com

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