A CPA firm has a policy of mandatory retirement as of January 1 for all general partners

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A CPA firm has a policy of mandatory retirement as of January 1 for "all general partners who reached the age of 60 during the preceding calendar year." On January 1, each such retiring partner receives a cash payment equal to his or her share of the partnership's owners' equity. Does this CPA firm's policy constitute a discreditable act under the Code of Conduct?
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