A client company has not paid its 20X3 audit fees. According to the AICPA Code of Professional Conduct, in order for the auditor to be considered independent with respect to the 20X4 audit, the 20X3 audit fees must be paid before the:

Question

Quizplus · Accepted Answer

The AICPA Code of Professional Conduct requires that unpaid audit fees from prior years be settled before the auditor issues the report for the current year's audit to maintain independence.

A Client Company Has Not Paid Its 20X3 Audit Fees