The quiz,
Test Your Knowledge of Professional Ethics
( JofA,
Oct.02, page 110), gave the technically correct answer to question no.
4: Is the engagement partner independent if his mother-in-law is the
controller of the client?
But it would have been better if the answer reminded readers that
professional ethics call for more than compliance with the rulesthey
also require objectivity. See Rule 102, Integrity and Objectivity of the
AICPA Code of Professional Conduct.
If practitioners asked themselves the question, many would conclude that, in these circumstances, they could not be objective.
Arthur Siegel, CPA
New York City
