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Each of the following scenarios involves a possible violation(s) of the Code of Professional Conduct (CPC). Discuss/explain any violations in the context of the CPC.
Each of the following scenarios involves a possible violation(s) of the Code of Professional Conduct (CPC). Discuss/explain any violations in the context of the CPC. (You do not need to cite the appropriate section reference from the CPC.) Use point form. a) Sam Finnigan, a partner at Trevin & Jelyen LLP, is meeting with a potential new client. The client explains that its bank requires a review engagement to be done on the financial statements as part of a loan application. Sam advises that his fee will be $500 plus 5% of any bank loan granted. The client agrees since Trevin & Jelyen advertise that the firm is the "top accounting firm in BC". b) Tessie Bin, CPA, is working on the audit engagement for Ross Wholesaler Inc., a company listed on the Toronto Stock Exchange (TSX), John, the accountant at Ross Wholesaler, is unsure how to calculate the interest expense on a convertible debenture. Tessie tells the accountant not to worry because she will calculate the interest expense for him, and provide him with the journal entry and necessary disclosure information c) Jack Lim, CPA, is reviewing his firm's accounts receivable balance. He notices that one of his largest audit client has not paid its fees for the last three years
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