Really, Janice? Who ignored you?!!!
You were responding to one of MY posts. I replied by showing you a non-audit service provided by BF Borgers CPAs, presented on their public website.
Now, you both say this possible service offered by Borgers is some impairment of its responsibilities to be independent. You could be right.
But I just went through the Commission's Rule on this subject and can't find the infraction. This is what I did find:
(4) Non-audit services. An accountant is not independent if, at any point during the audit and professional engagement period, the accountant provides the following non-audit services to an audit client:
(i) Bookkeeping or other services related to the audit client's accounting records or financial statements.
(A) Any service involving:
(1) Maintaining or preparing the audit client's accounting records;
(2) Preparing the audit client's financial statements that are filed with the Commission or form the basis of financial statements filed with the Commission; or
(3) Preparing or originating source data underlying the audit client's financial statements.
(B) Notwithstanding paragraph (c)(4)(i)(A) of this section, the accountant's independence will not be impaired when the accountant provides these services:
(1) In emergency or other unusual situations, provided the accountant does not undertake any managerial actions or make any managerial decisions; or
(2) For foreign divisions or subsidiaries of an audit client, provided that:
(i) The services are limited, routine, or ministerial;
(ii) It is impractical for the foreign division or subsidiary to make other arrangements;
(iii) The foreign division or subsidiary is not material to the consolidated financial statements;
(iv) The foreign division or subsidiary does not have employees capable or competent to perform the services;
(v) The services performed are consistent with local professional ethics rules; and
(vi) The fees for all such services collectively (for the entire group of companies) do not exceed the greater of 1% of the consolidated audit fee or $10,000.
So, this impropriety doesn't fall under any of these items above. I certainly may have missed something, it's only a gazillion pages long. But, if you can find where Borgers is not permitted to help its clients walk through government-speak, and relentless government-style forms, please show us. Then, we can group-call Borgers and let them know they are in trouble...
