Question

During the audit of publicly traded Parkland LLC, external auditor, Hewsome CPA

a) Should focus only on financial statements.
b) Can provide consulting services to the client.
c) Must maintain independence and objectivity.
d) Can overlook internal control procedures.

Answer 1

During the audit of Parkland LLC, the external auditor should maintain independence, focus on financial statements, provide consulting services, and not overlook internal control procedures.

Step-by-step explanation:

During the audit of publicly traded Parkland LLC, external auditor Hewsome CPA must maintain independence and objectivity. They cannot overlook internal control procedures and should focus not only on financial statements but also on providing consulting services to the client.