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Hugo Crossman, CPA, issued a review statement for the CUNY

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Question;CASE #19Hugo Crossman, CPA, issued a review statement for the CUNY Company for last year and a compiledstatement in the current year. During the current year, Hugo purchased some CUNY securities, whichmade him lose his independence?a fact noted in his CPA compilation report. Now, the CUNYCompany management wants Hugo to issue comparative two year financial statements (last year andthis year).Can Hugo re-issue his review report now that he is no longer independent of the CUNY Company?

 

Paper#52605 | Written in 18-Jul-2015

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