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Answer the above questions. Strictly no plag .500-600 words in your own words Refer back to the hypothetical Sun City Savings and Loan case presented

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Answer the above questions. Strictly no plag .500-600 words in your own words

Refer back to the hypothetical Sun City Savings and Loan case presented toward the beginning of this chapter, and consider each of the following independent situations: a. Suppose that Pina, Johnson & Associates also audited one of the entities who had received one of the large loans that are in dispute. Sam Johnson is not involved with auditing that entity. Is it ethical for Johnson to seek information on the financial condition of that entity from the auditors in his firm who audit the loan recipient? What are the rights of the affected parties in this instance, and what are the costs and benefits of using such information? b. Suppose that Johnson has determined that one of the entities that owes a disputed loan is being investigated for violating environmental laws and may be sued to the point of bankruptcy by the Environmental Protection Agency. Can Johnson use this information in deciding on the proper loan-loss reserve? What are the ethical considerations

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