Should you notify your firm of your relationship

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Reference no: EM133685717

Question: You have recently become a Partner for a public accounting firm in Fort Worth, Texas. One of your new clients is the Fort Worth Independent School District (FWISD). Your close family friend, who your family vacationed with last summer, has been the Superintendent of FWISD for 5 years. According to the AICPA Independence standards, are you considered independent from the FWISD? Should you accept this engagement? Should you notify your firm of your relationship? Defend your decision. Your email should NOT exceed 200 words. Instructions: Create a memo responding to this situation. Upload your response to the D2L assignment titled, 'Short Writing Assignment 2' by August 31, 2020 at 9AM. Include the importance of the independence standards, note which standard(s) is applicable to this situation, and how the guidance applies to this decision. Keep your response short (fewer than 200 words). Please also follow these guidelines:

1. Use a tone appropriate for a colleague. 2. Reread your message, checking for a consistent, logical flow of your ideas.

Reference no: EM133685717

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