Posted: April 27th, 2016

what is financial interest?

Sam Martin, Auditor, YOUCPA
– No financial interest in the client
– Cousin works with the client in a role as the mail distribution person
– Cousin handles the mail
– Conversation with cousin has been rough in the past over a small debt the cousin still will not pay
– The amount of the debt is $500

Mary Franks, Auditor, YOUCPA
– No financial interest in the client
– No relative with the client
– No past history working with the client in a direct manner

Phil Cole, Auditor, YOUCPA
– Recently joined the team
– Used to work at the client less than a year ago
– Was responsible for financial planning and control
– Left to experience the auditing profession

Callie Smart, Auditor, YOUCPA
– Just graduated from a prestigious online university in Illinois
– No relative or any direct relationship to the client
– No investment in the client

You, Auditor, YOUCPA
– No investment in the client
– No past working relationship with the client in a direct manner
– No relatives working at the client