Question

According to the PCAOB, which of the following tax services may be provided jointly with the audit of an issuer's financial statements without impairing independence?

A) Tax compliance services related to routine or ministerial matters.
B)Tax compliance services related to non-routine or complex matters.
C)Tax planning services related to routine or ministerial matters.
D)Tax planning services related to non-routine or complex matters.

Answer 1

According to the PCAOB, tax compliance services related to routine or ministerial matters may be provided jointly with the audit of an issuer's financial statements without impairing independence.

Step-by-step explanation:

According to the PCAOB (Public Company Accounting Oversight Board), tax compliance services related to routine or ministerial matters may be provided jointly with the audit of an issuer's financial statements without impairing independence.

These routine or ministerial tax compliance matters could include tasks like preparing tax returns, calculating tax liabilities, and ensuring compliance with tax laws and regulations.

However, tax compliance services related to non-routine or complex matters and tax planning services, whether routine or non-routine, would impair independence and therefore cannot be provided jointly with the audit of an issuer's financial statements.