Contemporary Auditing 10th Edition by Michael Knapp

Exercise 1

When Lore Levi informed the CPA of her suspicions regarding Betty, what responsibilities, if any, did the CPA have to pursue this matter Alternately, assume that, in addition to preparing tax returns for Howard Street Jewelers, the CPA (a) audited the business's annual financial statements, (b) reviewed the annual financial statements, and (c) compiled the annual financial statements.