A partner of a CPA firm performing the audit of the Red Cross may be an honorary director of the Red Cross and also vote and participate in management functions at the Red Cross.

Question

Quizplus · Accepted Answer

According to the AICPA Code of Professional Conduct, "an individual associated with an attest client in a position to influence the attest engagement" should not serve as an officer, director, or trustee of the client organization. Therefore, a partner of a CPA firm performing the audit of the Red Cross should not be an honorary director and participate in management functions at the Red Cross.

A Partner of a CPA Firm Performing the Audit of the Red