The PCAOB web site has a section titled âSettled DisciplinaryOrdersâ. Locate the findings involving Kent M. Bowman, CPA, of SaltLake City, Utah, involving the audit of Active Care, Inc.
A. Describe the situations and accounting/audit issues that ledto the disciplinary action by the PCAOB.
B. There was an issue related to an audit confirmation sent to acustomer of the client in this case. Please describethe issue and how the Bowmanâs audit team handled or responded tothe confirmation. What would you have done related tothis confirmation response?
C. What can you find of Bowmanâs background? Is he still withthe Tanner CPA firm?
D. What do you think of the Bowmanâs understanding of generallyaccepted auditing standards and generally accepted accountingprinciples? Name one specific area where auditing standards wereviolated.
E. Two lessons you learned from reading of this auditsituation?
The PCAOB web site has a section titled âSettled DisciplinaryOrdersâ. Locate the findings involving Kent M. Bowman, CPA, of SaltLake City, Utah, involving the audit of Active Care, Inc.
A. Describe the situations and accounting/audit issues that ledto the disciplinary action by the PCAOB.
B. There was an issue related to an audit confirmation sent to acustomer of the client in this case. Please describethe issue and how the Bowmanâs audit team handled or responded tothe confirmation. What would you have done related tothis confirmation response?
C. What can you find of Bowmanâs background? Is he still withthe Tanner CPA firm?
D. What do you think of the Bowmanâs understanding of generallyaccepted auditing standards and generally accepted accountingprinciples? Name one specific area where auditing standards wereviolated.
E. Two lessons you learned from reading of this auditsituation?
