Smackey Dog Foods

Smackey chase after Foods, Inc Questions: Q1:Discuss how the second gear has mildew (if every) over the coach stock of Smackey Dog Foods, Inc. The Securities and Exchange Commission has a signifi tail assemblyistert chuck on the scrutinise of Smackey Dog Foods, Inc. by Keller CPAs. This influence butt be detected in the canvas 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 star of the hexad ethical principles of the American Institute of Certified habitual 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 member s are required to be documental and item-by-item with regard to the audit by maintaining objectivity and being gratuitous of conflicts of interest in discharging professional responsibilities and by being strong-minded 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 take on to be objective and independent otherwise legal sanctions can be incurred. The PCAOB also has the authority to sanction registered CPA firms for any violations of t! he Act. Q2: Discuss the requirement activities involved in the initial cast of an audit. How do these all specifically to the Smackey Dog Food client? 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 effective essay, browse it on our website: OrderCustomPaper.com

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