Question
1)Work must be original, turnitin software used to detect unoriginality by instructor. APA guidelines required. 2)You are the PartnerinCharge of a large metropolitan office of
1)Work must be original, "turnitin" software used to detect unoriginality by instructor.
APA guidelines required.
2)You are the PartnerinCharge of a large metropolitan office of a regional public accounting firm. Twomembers of your professional staff have come to you to discuss problems that may affect the firmsindependence. Neither of these situations has been specifically answered by the AICPA ProfessionalEthics Division. Therefore, you must reach your own conclusions as to what to advise your staffmembers, and what actions, if any, are to be taken by the firm.
Reqd: For each of the following two cases, you are to:
a. Set forth arguments indicating that the firms independence has not been impaired.
b. Set forth arguments indicating that the firms independence has been impaired.
c. Express your personal opinion. Identify those arguments from part (a) or part (b) that you
found most persuasive. If you believe that the firms independence has been impaired,
make suggestions about how the problem might be resolved.
Case1: Don Moore, a partner in the firm, has recently moved into a condominium which he shares withhis girlfriend, Joan Scott. Don owns the condominium and pays all the expenses relating to its
maintenance. Otherwise, the two are selfsupporting. Joan is a stockbroker, and recently she
has started acquiring shares in one of the audit clients of this office of the public accounting
firm. The shares are held in her (Joans) name. At present, the shares are not material in relation
to her net worth.
Case2: Mary Reed, a new staff auditor with the firm, has recently separated from her husband. Mary has filed for divorce, but the divorce cannot become final for at least five months. The property settlement is being bitterly contested. Marys husband has always resented her professional career and has just used community property to acquire one share of common stock in each of the publicly owned companies audited by the office in which Mary works.
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