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You Have Just Recently Become a Member of Your Local

Question 21

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You have just recently become a member of your local non-profit housing co-op by moving into the largest unit.The board of directors has asked that you handle the review engagement but you are concerned about independence.What is a practical way for you to stay in the co-op but also perform the review engagement?

You have just recently become a member of your local non-profit housing co-op by moving into the largest unit.The board of directors has asked that you handle the review engagement but you are concerned about independence.What is a practical way for you to stay in the co-op but also perform the review engagement?


A) Request a bylaw stating that the accountant cannot vote for board members.
B) Do a compilation rather than a review engagement.
C) Have all the preparation work for the review engagement completed by a board member.
D) Include a paragraph in the review engagement report stating that you are not independent.

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