Is it appropriate for you to work on this audit

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Question - You worked as a staff auditor for A&B company for the past couple of years. Your firm decides to put you on the audit of Netflix Inc. While Netflix is new to you, you firm has been auditing them for several years. Before you start working on the audit you learn that your recent romantic partner works for Netflix in their accounting department (up until that point you had been so hot and heavy you had never asked where they worked).

1. What important concept from out discussion on fundamental principles (responsibilities, performance, reporting)? Define the two components of this concept and explain why they're important.

2. Is it appropriate for you to work on this audit? What could you do? Explain your answer.

Reference no: EM132869651

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