Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Auditing: Find the AICPA Code of Professional Conduct rule number and the Ohio Ethics rule number that addresses each particular ethical question/situation. please help! ETHICS

image text in transcribed

image text in transcribed

Auditing: Find the AICPA Code of Professional Conduct rule number and the Ohio Ethics rule number that addresses each particular ethical question/situation. please help!

ETHICS QUESTIONS 1. M. Dull, CPA, agrees to pay U.R. Smart a fee to obtain clients for her. Robb A. Bank, CPA, prepares the monthly financial statements for c.U. InCourt Corporation and stamps them "unaudited". 2. TrustMe Corporation agrees to pay Owen U. Cash, CPA, a fee for Owen U. Cash's accounting services which is based upon Trust Me Corporation's 1992 tax savings. 3. I. C. Cold, CPA, is the auditor for Chillee Corporation. I. C. Cold discloses all of Chillee's non- GAAP accounting methods in the notes to Chillee's financial statements 4. 5. Lowen A. Way, CPA, prepares a forecast for Batzaball Corporation. He asserts in the prospective statements opinion that the forecast has a 70% probability of being correct. 6. Justin Case, CPA, obtains an insurance license and a stockbroker's license. He then opens a financial services company. Al A. Moanie, CPA, accepts an engagement to audit a construction company. Al. A. Moanie is not familiar with the relevant auditing procedures, so he attends a seminar on the subject. 8. Faith N. Hope, CPA, is a member of a quality review team examining the practice of Truth & Justice, CPAS. Faith N. Hope notes that Truth & Justice's work is substandard in some areas, so she solicits Truth & Justice's audit clients. John Jones, CPA, has decided to continue using the firm name of Jones and Davis, CPAS for his accounting practice after the death of his only partner, Tom Davis, CPA. 9. 10. Sidney Wicks, CPA, is also an attorney. He has advised H.T. Corporation on certain legal issues as their attorney and now wishes to perform their audit. ETHICS QUESTIONS 1. M. Dull, CPA, agrees to pay U.R. Smart a fee to obtain clients for her. Robb A. Bank, CPA, prepares the monthly financial statements for c.U. InCourt Corporation and stamps them "unaudited". 2. TrustMe Corporation agrees to pay Owen U. Cash, CPA, a fee for Owen U. Cash's accounting services which is based upon Trust Me Corporation's 1992 tax savings. 3. I. C. Cold, CPA, is the auditor for Chillee Corporation. I. C. Cold discloses all of Chillee's non- GAAP accounting methods in the notes to Chillee's financial statements 4. 5. Lowen A. Way, CPA, prepares a forecast for Batzaball Corporation. He asserts in the prospective statements opinion that the forecast has a 70% probability of being correct. 6. Justin Case, CPA, obtains an insurance license and a stockbroker's license. He then opens a financial services company. Al A. Moanie, CPA, accepts an engagement to audit a construction company. Al. A. Moanie is not familiar with the relevant auditing procedures, so he attends a seminar on the subject. 8. Faith N. Hope, CPA, is a member of a quality review team examining the practice of Truth & Justice, CPAS. Faith N. Hope notes that Truth & Justice's work is substandard in some areas, so she solicits Truth & Justice's audit clients. John Jones, CPA, has decided to continue using the firm name of Jones and Davis, CPAS for his accounting practice after the death of his only partner, Tom Davis, CPA. 9. 10. Sidney Wicks, CPA, is also an attorney. He has advised H.T. Corporation on certain legal issues as their attorney and now wishes to perform their audit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Surviving The OSHA Audit Common Sense Solutions To Your Most Feared OSHA Compliance Issues

Authors: David A. Casavant

1st Edition

0998743704, 978-0998743707

More Books

Students also viewed these Accounting questions