10 Go to the PCAOB website (www.pcaobus.org) and find settled disciplinary orders. Review the cases and the penalties indicated for various published cases. Required: What did Richard Huff do to get in trouble, and what was his sanction from the PCAOB? 10 points Skipped Book Print References'IO points Skipped Refere nces Jon Williams, CPA, is in the middle of the reallife soap opera, Taxing Days of Our Lives. The Cast ofCharac'Ders Oneway Corporation is Williams's audit and tax client. The three directors are the ofcers and the only three stockholders, each owning exactly onethird ofthe shares. President Raul Jack founded the company and is now nearing retirement As an individual, he is also Williams's tax client Vice President Jana Jill manages the dayto day operations. She has been instrumental in increasing the business and its profits. Jill's individual tax work is done by CPA Corin Phil. Treasurer Chris Bill has been a longterm, loyal employee responsible for many innovative financial transactions and reports of great benefit to the business. He is Williams's close personal friend and an individual tax client. The Conflict President Jack discussed with CPA Williams the tax consequences to him as an individual of selling his onethird interest in Oneway Corporation to Vice President .Jill. Later, meeting with Bill to discuss his individual tax problems, Williams learns that Bill fears that Jack and Jill will make a deal, put him in a minority position, and force him out of the company. Bill says, \"Jon, we've been friends a long time. Please keep me informed about Jack's plans, even rumors. My interest in Oneway Corporation represents my life savings and my resources for the kid's college. Remember, you're little Otto's godfather.\" Thinking back, Williams realized that Vice President Jill has always been rather hostile. Chances are that Phil would get the Oneway engagement ifJilI acquires Jack's shares and controls the corporation. Nevertheless, Bill will probably suffer a great deal ifhe cannot learn about Jack's plans, and Williams's unwillingness to keep him informed will probably ruin their close friendship. Later, on a Dark and Stormy Night Williams ponders the problem. \"Oneway Corporation is my client, but a corporation is a ctiononly a form. The stockholders personify the real entity, so they are collectively my clients, and I can transmit information among them as though they were one person. Right? On the other hand, Jack and Bill engage me for individual tax work, and information about one's personal affairs is really no business of the other. What to do? What to do?" Required: Give Williams advice about alternative actions, considering the constraints of the AICPA Code of Professional Conduct