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List arguments for restricting nonattest services

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Reference no: EM132776915

CASE STUDY

The issue of whether the performance of non attest (consulting) services for audit clients impairs independence of the auditors has been widely debated within the public accounting profession.

Requirement A:

  1. List arguments for restricting nonattest services for audit clients.
  2. List arguments against restricting nonattest services for audit clients.
  3. Present your opinion and support it with one or more of the arguments listed above.

Requirement B:

  1. Make a summary of the case (using your own words)
  2. Make Assumptions (to be added to facts)
  3. Dilemma faced by the consultant(s)
  4. State specific Code of ethics for management Consultants applicable to the case (explain how it relates to the case)
  5. What are the alternative courses of action ( indicate pros and cons of each alternative)
  6. State the best course of action with justification

Reference no: EM132776915

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