As an auditor at Andersen Auditing Firm, your manager has tasked you with evaluating a colleague's recent engagement and assessing their compliance with AICPA ethical standards. Write a report to your manager addressing the following:
Determine the type of engagement completed by your colleague for the client.
Justify the selected engagement type for the client.
Assess the purpose of each financial statement for the client's engagement report.
Examine why alternative SSARS engagements were inappropriate for the client.
Identify any missing information needed in the client's engagement report.
Analyze the CPA quality control elements applicable to the engagement report.
Explain which AICPA rule may have been violated in the engagement report and its implications.
Recommend a suitable strategy for resolving any AICPA violations.
Assess the role of ethical frameworks in shaping your colleague's actions throughout the engagement.
Justify the importance of conducting this engagement in an unbiased and principled manner