Bill Pan,CPA,has posted the general ledger and has maintained the financial records of Zorko Corporation.As a part of his responsibilities he has recorded journal entries and made closing entries.Which of the following best summarize the AICPA and SEC views as to the following question: Is audit independence impaired?
$$\begin{array} { l c c }
\text { Item } & \text { AICPA } & \text { SEC } \
\text { A) } & \text { Yes } & \text { Yes } \
\text { B) } & \text { Yes } & \text { No } \
\text { C) } & \text { No } & \text { Yes } \
\text { D) } & \text { No } & \text { No }
\end{array}$$

Question

Bill Pan,CPA,has posted the general ledger and has maintained the financial records of Zorko Corporation.As a part of his responsibilities he has recorded journal entries and made closing entries.Which of the following best summarize the AICPA and SEC views as to the following question: Is audit independence impaired?
$$\begin{array} { l c c } 
\text { Item } & \text { AICPA } & \text { SEC } \
\text { A) } & \text { Yes } & \text { Yes } \
\text { B) } & \text { Yes } & \text { No } \
\text { C) } & \text { No } & \text { Yes } \
\text { D) } & \text { No } & \text { No }
\end{array}$$

Quizplus · Accepted Answer

The Answer of Bill Pan,CPA,has posted the general ledger and has maintained the financial records of Zorko Corporation.As a part of his responsibilities he has recorded journal entries and made closing entries.Which of the following best summarize the AICPA and SEC views as to the following question: Is audit independence impaired?
$$\begin{array} { l c c } 
\text { Item } & \text { AICPA } & \text { SEC } \
\text { A) } & \text { Yes } & \text { Yes } \
\text { B) } & \text { Yes } & \text { No } \
\text { C) } & \text { No } & \text { Yes } \
\text { D) } & \text { No } & \text { No }
\end{array}$$

Bill Pan,CPA,has Posted the General Ledger and Has Maintained the Financial