Smackey Dog Foods

AC555 You Decide Smackey Dog Foods, Inc Smackey Dog Foods, a privately possess company, study will still be under the define of the Securities rallying Commission (SEC). Though the rules are enforceable for customaryally traded companies, they jakes also be applied to non-public companies the same. As is when auditing public companies, auditors essential establish their independence. Independence is one of six principles naturalized by the American Institute of Certified Public Accountants (AICPA) codification of passkey Conduct. This particular ethical violation can take place into scruple because of Petes, Audit Manager, and best friend Alans preceding alliance with owner Kim and the bank loanword officer. Other principles much(prenominal) as Integrity and Objectivity (Rule 102) also come into uncertainty overdue to these relationships. Even if Independence is determined, the auditor shall remain emancipate of conflicts of kindle also. The fa ct that Petes best friend Alan was wed to owner Kim and he also has a friendship with the loan officer should be disclosed. Also, the fact that Pete is discussing the audit with Alan causes for about skepticism. To jump out the audit, Pete and his team up must first get an sagaciousness of Smackey and their assiduity to lend this audit.

Though Keller CPAs oblige never audited a dog solid food company, perchance they have audit companies same to Smackey like a food manufacturer and this will at least give them some insight on what to formulation for. Also, they should face up at the industry to have some comparing when they began to audit the fina! ncials. Assessing Smackeys business risk will be the next step and the issue they are having with returned dog food could really stake their risk factor. This factor should call for the auditors to look for misstatements in their sales numbers. To better understand this risk, Pete and his team look at to act some analytical procedures comparing Smackeys functioning with the industry to further support its initial...If you want to get a full moon essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper