Week 1 Discussion 1 post 2 Review Minimum of 150 Words APA format

Week 1 Discussion 1 post 2 Review Minimum of 150 Words APA format

Yanelys

Attest is an engagement that requires independence. Attestation services can be reviews, audits, compilations, or agreed upon procedures. On the other hand, the non-attest services that are the primary responsibility of management are internal control services, tax return preparation, drafting financial statements and footnotes, and proposing adjusting journal entries. When an auditor performs tasks that are non-attest services, the auditor has performed non-attest services that can impair independence. 

The AICPA code of professional conduct includes rules on independence and ethics for members. For example, when a member provides non-attest services for an attest client, threats to independence may exist. Whenever the services can be provided depends on the nature of the services and whether the client is willing and able to meet certain responsibilities. The CPA cannot assume management's responsibilities and must be satisfied that the attest client and its management will meet their responsibilities in the area.

References

Maintaining independence with nonattest services. Retrieved from http://www.journalofaccontancy.com/maintaining-indeoendence-nonattest-services