The following individuals are on the engagement team and on the management of YOUCPA: Sarah Ball, Senior Partner, YOUCPA – Manages the YOUCPA partnership – No financial interest in client – No relative with firm – No past history working with client in a direct manner (meaning working for the client as an employee).

For each individual on the engagement team and on the management of YOUCPA, complete the following:

1. Determine if they are or are not independent.
2. Explain your reasoning.

YOUCPA is a regional CPA firm engaged in public audit work of small- and medium-size firms in the Midwest. The YOUCPA firm has their main office in Chicago, Illinois, and regional offices in Minneapolis, Minnesota and Indianapolis, Indiana. The managing partners are located in Chicago. YOUCPA also provides tax preparation and information consulting to customers and is an approved PCOAB audit firm.
Your client, the publicly traded Fresno Freezer Corporation, is located in Elgin, Illinois, a small city located outside of Chicago. The client has the main plant there and has distribution centers in Indianapolis and Minneapolis.
The Fresno Freezer Corporation has contracted with YOUCPA for an audit. During the audit, the audit team has asked you to determine if everyone on the engagement team is independent.

The following individuals are on the engagement team and on the management of YOUCPA:

Sarah Ball, Senior Partner, YOUCPA
– Manages the YOUCPA partnership
– No financial interest in client
– No relative with firm
– No past history working with client in a direct manner (meaning working for the client as an employee)

Bill Davis, Managing Partner, YOUCPA
– Managing the audit of the client
– No financial interest in the client
– No relative with the firm
– No past history working with the client in a direct manner

David Youssef, Manager of Taxation Services, YOUCPA
– Manages the taxation services for the accounting firm
– No financial interest in the client
– No relative with the firm
– No past history working with the client in a direct manner

Yewel Faraday, Manager of Information Consulting, YOUCPA
-Manages the information consulting for the accounting firm
– Yewel has no financial interest in the client
– No relative with the client in a direct manner

Frank Bell, Supervisor of Auditing assigned to Client, YOUCPA
– Will supervise the audit at the main plant
– No financial interest in the client
– Wife works with client as a worker in the plant
– Wife has no control or influence on the impact or creation of the financial statements
– Wife has been working there for 20 years

Beth Wright, Supervisor of Auditing assigned to Client, YOUCPA
– Will be auditing the distribution locations
– No financial interest directly in the client
– Does own a mutual fund that is invested in the client
– Mutual fund estimated value is 0.01% of the total value of the stock market value of the client
– Mutual fund makes all decisions on who, when, and how much they invest in corporations
– Total investment in the mutual fund is $1,000

Wilbur Singation, Auditor, YOUCPA
– No financial interest in the client
– No relative with the client
– No past history working with the client in a direct manner
– Has contacted a head hunter looking for a new, better position
– Head hunter has discussed his qualifications with many firms, discreetly
– Wilbur does not know the firms or the content of those discussions

Sam Martin, Auditor, YOUCPA
– No financial interest in the client
– Cousin works with the client in a role as the mail distribution person
– Cousin handles the mail
– Conversation with cousin has been rough in the past over a small debt the cousin still will not pay
– The amount of the debt is $500

Mary Franks, Auditor, YOUCPA
– No financial interest in the client
– No relative with the client
– No past history working with the client in a direct manner

Phil Cole, Auditor, YOUCPA
– Recently joined the team
– Used to work at the client less than a year ago
– Was responsible for financial planning and control
– Left to experience the auditing profession

Callie Smart, Auditor, YOUCPA
– Just graduated from a prestigious online university in Illinois
– No relative or any direct relationship to the client
– No investment in the client

You, Auditor, YOUCPA
– No investment in the client
– No past working relationship with the client in a direct manner
– No relatives working at the client

Calculate your order
275 words
Total price: $0.00

Top-quality papers guaranteed

54

100% original papers

We sell only unique pieces of writing completed according to your demands.

54

Confidential service

We use security encryption to keep your personal data protected.

54

Money-back guarantee

We can give your money back if something goes wrong with your order.

Enjoy the free features we offer to everyone

  1. Title page

    Get a free title page formatted according to the specifics of your particular style.

  2. Custom formatting

    Request us to use APA, MLA, Harvard, Chicago, or any other style for your essay.

  3. Bibliography page

    Don’t pay extra for a list of references that perfectly fits your academic needs.

  4. 24/7 support assistance

    Ask us a question anytime you need to—we don’t charge extra for supporting you!

Calculate how much your essay costs

Type of paper
Academic level
Deadline
550 words

How to place an order

  • Choose the number of pages, your academic level, and deadline
  • Push the orange button
  • Give instructions for your paper
  • Pay with PayPal or a credit card
  • Track the progress of your order
  • Approve and enjoy your custom paper

Ask experts to write you a cheap essay of excellent quality

Place an order

Order your essay today and save 7% with the discount code DISSERT7