Each of the following situations involves possible violations of the AICPA Code of Professional Conduct. For each situation, state whether it is a violation of the Code. In those cases in which it is a violation, explain the nature of the violation and the rationale for the existing rule.

Each of the following stations involves possible violations of the ICPA Code of Professional Conduct. For each shton state whether it is a violation of the Code. In those cases in which is a violation explain the nature of the violation and the rationale for the existing rule ck the icon to view the stations involving posible violation of the AICPA Code of Profession Conduct) Complete the table below to ty whether or not there was a code violation for each situation through and so, who your Explanation of victorposes of nowolation occurred, select on the violation of Codecomandare the icon to view the possible explanations of violations) Situation Violation of Code? If Yes. Rules) violated Explanation of violation No No No Independence . More Info We weer weer recerca, as me sharing of audit methodologies and audit manuals, interpretations of the Code require each network fem to be independent of audit and review clients of the network firms. The ownership by a firm who we partners in one of the network firms in the stock of a client of another network firm would Impor independence 2. When ad fe create a network with other female characteristics such as the sharing of audit methodologies and audits, interpretations of the code require anchor fem to be independent of audit and review clients of the network firms. The ownership by a firm who are parners in one of the network firms in the stock of a client of another network fimm would meer objectivity and client confidentially 3. An interpretation of the Code prohibits the inclusion of Indemnification classes and other limitations of ability provision in engagement les for audit and other the nices 4. An investment by a client in a firm that is also an investment of a reland panty the CPA fim consolation of independence according to repeat of the Code An interpretation of the code is het no member of pargement can be a former prwis impededor unpaid for professional services provided more than six months before the date of the auditor's 7. interpretations and rulings note that independence is impaired billed or unbilledfees remain unpaid for professional Services provided more than one year before the date of the auditor's & Only new and pre-existing mortgage lens provided by a new audities that is a bank we Only pre existing more provided by a result client that is a bank or permissible. No new mortgage loans are permited 10. Being offered a job from a client contes discreditable act 11. The Code prohibits the solution and decore of the Union Camination Gestions and answers without permission of the AICPR 12. Two weed whereby an individual knowinoy included and meeting action in the financiare provided to the bank 13. Setting a fee based on financial results is in violation of lees of the Code who are partners in one of the network firms in the stock of a client of another network firm would impair independence. 2. When audit firms create a network with other firms to share certain characteristics, such as the sharing of audit methodologies and audit manuals, interpretations of the Code require each network firm to be independent of audit and review clients of other network firms. The ownership by a firm who are partners in one of the network firms in the stock of a client of another network firm would impair objectivity and client confidentiality. 3. An interpretation of the Code prohibits the inclusion of indemnification clauses and other limitations of liability provisions in engagement letters for audit and other attest services. 4. An investment by a client in a firm that is also an investment of a related party to the CPA firm constitutes a violation of independence according to interpretations of the Code. 5. An interpretation of the code states that no member of top-level-management can be a former employee of the auditing firm. 6. Interpretations and rulings note that independence is impaired if billed or unbilled fees remain unpaid for professional services provided more than six months before the date of the auditor's report. 7. Interpretations and rulings note that independence is impaired if billed or unbilled fees remain unpaid for professional services provided more than one year before the date of the auditor's report. 8. Only new and pre-existing mortgage loans provided by a new audit client that is a bank are permissible. 9. Only pre-existing mortgages provided by a new audit client that is a bank are permissible. No new mortgage loans are permitted, however. 10. Being offered a job from a client constitutes a discreditable act. 11. The Code prohibits the solicitation and disclosure of the Uniform CPA examination questions and answers without permission of the AICPA. 12. Two rules are violated whereby an individual knowingly included false and misleading transactions in the financial statements that were provided to the bank. 13. Setting a fee based on financial results is in violation of multiple rules of the Code. 14. Providing financial information systems design and implementation services to a publicly-traded client is prohibited under independence rules. Each of the foowing stations inches posible violations of AICPA Code of Professional Conduet. For each station, then to view the situations involving posible violations of the AICI. Code of Professional Conduct) More Info Complete the table below to identify whether or not there was a code violation for each ustion a tough, and it so we your "Explanation of violation sponses to violation occurred, elect" in the Volation of Code column and love kthente View the possible portion of violations) Situation Violation of Code? Yus Rules violated Explanation of violation Yes Independence No Yes CLEAN Indicurdered The sum of Miler and Yancy, CPA, has joined an action of the Arthe country enhance the types of professional services the form can provide Mierdeyse resources with them In the association, including dit methodologies de manuals, and common IT systems for billing and me reporting. One of the partners in Miland Yancy has a direct financial Interest in the audit client of another timin The association. Assume that iter and we do not have any involvement with the audit engagement of the audie Connor Bradley in the partner in charge of the audit of South Pacie Bank. Bradley is in the process of purchasing a beach condo and hastained mangage financing from South Parade Jenter Crowd clert hos material intestin Pole, Inc. Crown dependent parents to shares in Polex, and Polex is not nestent of Crowesom. The amount of her parents Gurship in Polexis hogo Crow's two . Joe Stokely is a former partner in base and Sime. Ca. Vecently, he let them to become the chief operating for of Lay Foods, Inc. which is an audiecent of Bass and Stokeys to responses for financial reporting Bess and is made significant changes to the plan for the upcoming Och for the Stand Jessica Alma has been serving as the senior adhor on the audit of Carolina liceath, Inc. Because of here Outstanding work, the head of internal Audit Carolina Bichathened her an offer of employment to join the en die departments and more. When the discussions with Carolina Biche began Jessica Infomed here's managing partner and was removed from the audit engagement Morris and War, a regional Catim, is providing information system consulting one of their publicly traded waters. They are assisting in the implementation of a new financial reporting system selected by Audrey Glover is financial analyst in the financial reporting department of Technologies international, a privately held corporation Audrey was asked to prepare several journal entries for Technologies international related transactions that have not yet occured. The entries are flected in financial statements that the provided to the bank in connection with a ton olanding on to the bank Austin and Houston Plais performing consulting services to help margement of Mister Global Services wreaming its production operations Austin and Houston structured the fee for this engagement to be a feed percentage of cosavings that result once the new procesa implemented. Austin and outlin perform other services for Me