1. Based on the article and in your opinion, which incident shows the greatest lack of independence between William’s Star Scientific and Governor McDonnell? Discuss why you picked this.
2. Why is independence important for CPAs to maintain, as well as government officials?
3. Find an article where a CPA violated independence by accepting gifts and compare it to the alleged violations of the Virginia governor. Is the perception of a lack of independence just as serious as an actual lack of independence? Why or why not?
Vozzella, L., Fredrick Kunkle, and Rosalind S. Helderman (2013). Virginia’s first lady plays central role in gift scandal. The Washington Post, July 13 (Retrievable online at http://www.washingtonpost.com/local/va-politics/va-first-lady-plays-central-role-in-gift-scandal/2013/07/13/f1f94456-de75-11e2-948c-d644453cf169_story.html)
Vozzella, L. (2013). Del. Scott Surovell says Virginia Gov. McDonnell should resign, or be forced out. The Washington Post, July 14.