Brandt cpas has obtained big-bucks a new publicly-held

Reference no: EM13587520

Brandt CPAs has obtained Big-Bucks, a new publicly-held client. Big-Bucks has various accounting-related needs that Brandt CPAs would like to fulfill. Partner-in-charge D. Brandt has discussed with Big-Bucks the possibility of performing the annual audit of Big-Bucks, as well as preparing the tax returns, business plan, and quarterly write-up services and providing consultation on the viability and valuation of mining gas reserves in Tennessee. An outside expert would be hired by Brandt CPAs to provide expert advice to the CPA firm on mining gas reserves. Additionally, Brandt CPA's audit manager, who will be assigned to this audit, has previously been approached by Big-Bucks to come work for the company as chief financial officer. The audit manager has refused the offer, because his cousin's sister-in-law is a 10% shareholder in Big-Bucks, and he does not want her to have any say in his employment. Under the Sarbanes-Oxley Act of 2002, what issues do you see, and how would you advise Brandt CPAs? Is there ever a time when Brandt CPAs could perform any of these services for Big-Bucks?

Reference no: EM13587520

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