Morris and Williams, a regional CPA firm, is providing infomation systems consulting to one of their publicy traded audit clients. They are assisting in the implementation ofnew financial reporting system selected by management.
Audrey Glover is a financial analyst in the financial reporting department of Technologies International, a privately held corporation. Audrey was asked to prepare several journal entries for Technologies International related to transactions that have not yet occurred. The entries are reflected in financial statements that the company recently provided to the bank in connection with a loan outstanding due to the bank.
Austin and Houston, CPAs, is performing consulting services to help management of Mcallister Global Services streamline its production operations. Austin and Houston structured the fee this engagement to be a fixed percentage of costs savings that result once the. New processes are implemented. Austin and Houston perform on other services for Macalister Global.