CASES 428 (OBJECTIVES 4-5 4-1) The following are situations that may violate the AICPA Code of Professionai Conduct. Assume, in each case, that the CPA is a partner, unless stated otherwise. 1. Elbert is a staff accountant at a CPA firm. Elbert's wife works in human resources at one of the clients audited by Elbert's firm, although Elbert is not on the audit engage- ment. As part of an employee stock ownership program at her company, Elbert's wife receives shares of stock in her company. Chapter 4/PROFESSIONAL ETHICS