George has been asked by his audit client to provide income tax services including tax planning. Prior to providing such services, George should be certain that:

Question

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As George is an auditor and providing income tax services including tax planning to his audit client, he should assess any threats to independence that serving in this capacity may create. Providing tax services to audit clients may create advocacy or familiarity threats to auditor independence. Therefore, it is necessary to assess and document any threats to independence and take appropriate measures to mitigate or eliminate them before providing such services. Completing the audit, CEO's pre-approval, or informing the board of directors are not relevant concerns in this context.

George Has Been Asked by His Audit Client to Provide