Refer to the question above.If the CEO of Bantam Boxers dies and Hartwog fulfills her duties as the executor of the CEO's estate,will Hartwog and Associates,CPAs retain the independence to continue to serve as Bantam Boxers' auditor?
A) Yes, as long as Hartwog does not make investment decisions for the estate concerning Bantam Boxers
B) Yes, as long as Hartwog does not participate as the primary or concurring partner on the audit
C) Yes, as long as the will clearly identifies the parties who will receive Bantam Boxer stock as inheritances and Hartwog does not have the authority to alter this will provision
D) No

Question

Quizplus · Accepted Answer

The executor of an estate is responsible for managing the estate's assets, including making investment decisions. If Hartwog makes investment decisions for the CEO's estate concerning Bantam Boxers, she would have a conflict of interest and would not be able to retain the independence to continue to serve as Bantam Boxers' auditor.

Refer to the Question Above