Answered

Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Becker and smith, CPAs , performs a financial statement review for bam markets. Caroline, the manager on the job, learns that don violated the independence rules by not disclosing that his sister works in a key position at BAM. Under the AICPA interpretation, Breach of an Independent cpe Interpretation, what is the first thing Caroline should do

Sagot :

abiolataiwo2015

The first thing that Caroline should do is:  disclose the violation in accordance with policy to the appropriate person in her firm.

AICPA interpretation

Based on the scenario she should disclose the violation in accordance with policy to the right person.

Which is why AICPA code of professional conduct was created so as to ensure that accountant or professional accountant  comply with independence rule.

Therefore she should disclose the violation.

Learn more about AICPA interpretation here:https://brainly.com/question/22596931

#SPJ1

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.