The firm of McGrawand West, CPAs, has two offices, one in Phoenix and one in...
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The firm of McGrawand West, CPAs, has two offices, one in Phoenix and one in San Diego. The firm has audited the Cameron Corporation out of it Phoenix office for the past five rears. For each of the follosing independent case, which occurred during the jear under audit, indicate shether the independence of eithera the CPA insoled or the firm sould be impaired.a Mary McGraw, j partner in the San Diego office, fell widly in love with Bil Smith, the treasurer for Cameron Corporation. Theyvere married in Las Vegas. During the week, Mc Gras still lives in San Diego and works in that office, while Bill Smith les in Phoenix, working for Cameron. On weekends they commute to their home in Yuma. Mary does not participate in the engagement.b Jim West is the father of Will West, a Phoenix partner. Jim West has a material intestment in Cameron. WIl West is unaware of his father's insestment but does participate in the engagement.a Bill Johnson, a benior in the San Diego office, hat a material investment in the capital stock of Cameron.He does not participate in the engagement.& Sandra Stereren, a staff assistant in the Phoenix office, works on the Cameron audit. Her uncle works as the chief accounting officer for Cameron.e Bill Adams, a senior in the Phoenix office, does not sork on the Cameron audit but owns percent ofCameron's outitanding eguity common stock
The firm of McGrawand West, CPAs, has two offices, one in Phoenix and one in San Diego. The firm has audited the Cameron Corporation out of it Phoenix office for the past five rears. For each of the follosing independent case, which occurred during the jear under audit, indicate shether the independence of eithera the CPA insoled or the firm sould be impaired.a Mary McGraw, j partner in the San Diego office, fell widly in love with Bil Smith, the treasurer for Cameron Corporation. Theyvere married in Las Vegas. During the week, Mc Gras still lives in San Diego and works in that office, while Bill Smith les in Phoenix, working for Cameron. On weekends they commute to their home in Yuma. Mary does not participate in the engagement.b Jim West is the father of Will West, a Phoenix partner. Jim West has a material intestment in Cameron. WIl West is unaware of his father's insestment but does participate in the engagement.a Bill Johnson, a benior in the San Diego office, hat a material investment in the capital stock of Cameron.He does not participate in the engagement.& Sandra Stereren, a staff assistant in the Phoenix office, works on the Cameron audit. Her uncle works as the chief accounting officer for Cameron.e Bill Adams, a senior in the Phoenix office, does not sork on the Cameron audit but owns percent ofCameron's outitanding eguity common stock
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