The case of when is it really over
Ethics
Charles Selcer, CPA, MBA | June/July 2023 Footnote
Editor's note: Updated May 30, 2023
Gladys Ohver trusts her CPA, Paul Maul, a great deal. She recently rewrote her will and named Paul executor of her estate. Gladys owned 20% of the voting stock in The Veal Deal, Inc., a slaughterhouse that is an audit client of Mall, Hall & Dahl (MH&D), Paul Maul’s CPA firm.
Q. Does naming Paul the executor impair MH&D’s independence?
A. No. However, when Gladys is truly over (dead), Paul will assume his duties and independence will be impaired (See ET 1.245.010.02(b)).