Should CPAs be allowed to invest in companies they audit

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• CPA vision project: move up value chain, types audit opinion

  While this is needed, CPA want to be in a position to provide valued services that improve the organizations for which they work or influence.

• The audit committee of the board of directors of Unicorn Co.

  Management's responsibilities, if any, in the audit should also be addressed, such as getting auditors all requested internal and external documentation asked for in a timely manner.

• What is 'auditing around the computer'; is it efficient?

  An auditor should take a wider view of companies they audit, and in doing so, they are in a better position to make suggestions and recommendations for how to modify or upgrade applications for better controls.

• Based on the audit documentation guidelines from the PCAOB,

  The workpapers should include all work performed in the audit, the conclusions reached by the CPAs, and relevant documentation that gives support to the auditor's conclusions.

• Relationships Among Auditor, Client and External Users

  To ensure acquisition of sufficient evidence, these communications must be allowed to happen and they should not be hindered.

• CPA Ethics while Preparing Income Tax Returns

  CPAs do not have to "audit" the information provided by their tax clients, but they do have a responsibility to state that the tax return is true and correct to the best of his or her knowledge.

• Skills Necessary to Succeed in Public Accounting

  Accordingly, there are a number of accountants who never pass the CPA exam and though they can perform a variety of accountancy chores, they are not allowed to perform certain tasks that only a CPA can do.

• Internal Control, Auditing , identify control weaknesses

  Internal audit should report to the board. 2. The audit committee should be all outside members and at least one should have financial expertise. 3.

• License Requirements for a CPA: the Value that a CPA Adds to a Company

  The interaction with peers and the continuing education requirements for CPAs can again be useful to companies, particularly for changes in reporting. 4.