Auditor's Independence – Tax Services

  • Creator
    Topic
  • August 21, 2015 at 4:22 am #196280
    Fat Bunny
    Member

    I am aware that tax preparation for the audit client does not impair an auditor’s independence.

    But I am curious to know the reason. It felt like it should impair independence…

    Wouldn’t it be self-review threat if the auditor review the tax footnote prepared by his/her own team?

    And… for those work in public accounting, is this a common practice for audit firms to provide both audit service and tax service to the same client during the same year?

    Thanks!!

    REG - 77, 10/18/2014
    BEC- 84, 2/26/2015
    FAR - 78, 7/16/2015
    AUD - 86, 8/27/2015 (Yes!!! I am officially done )

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