Another area of concern related to independence is unpaid client fees.
Another area of concern related to independence is unpaid client fees. If an account receivable from an entity takes on the characteristics of a loan, the auditor’s independence may be impaired. Many public accounting firms adopt a policy of not completing the current audit until all of the prior year’s fees have been paid. Finally, […]
Another area of concern related to independence is unpaid client fees. Read More »