Esch of the following situations involves possible violations of the AICPA Code of Professional Conduct For esch stuation, state whether it is a violation of the Code In those cases in which iis a violation, explain the nature of the violation and the rationale for the existing nule (Cick the loon to vieww the situations involving possi ble violations of the AICPA Code of Professional Conduet) lete the table bela to iden whether or not the e as a code or each itua th ough i and so, what u e uo aed, and an a aon a the viola on u e the ist o osat e e ia ations o ven be a for o r x ana on a violation r no vic a on occu ed iele ld i the 0 a n o 0 Code?" column and leave all other columnes blank) e ation en a wai e e e ations esponses (Click the icon to view the possible explenations of violations More Info 1 war of BUdit and revew ciema o a dit frms efeate nataork with other Mmsto gare ce tain characterite" iuch as the Ghar of audit methodologieG and a dit man a ins retations of the cacia equie each new ork firn to be independen mpar ecer dence. other network fr The ownership by frm who are partners r one of the net work frma r the stock of cient of another met work fr would of audit and reviea clients of other network frm The ownership by&firm who are partners in one of the nework ms in the stock of a clent of another network firm would impeir objecivity and client confidentiality 3 An merpreston of te Cooe rhbits the uson of rdemfcation ouse, and Other imators oflabity posons n engagerert eners for audt and other attest servces 1 Advertsing and Other Forms of Soloitation and Refanal Foes can be a former amployes of the audting fim Compliance with Standards Interpretations and rings note that independencempared , biled or unbiled ftes reman unpaid for professonai services provided more than six morehs befothe date of the kdaor', report 7 Interpretatons and ring note thndependence mparedf biled or untied fees reren unped for pro essoas serv ces prov ded more than one year before te date of the 3 dtor's eport 8. Only naw and pre-eiing montgaga loane provided by a now audt clant that is a bank are pamissib Coningent Fees omof Organication and Name Genersl Standards 10 Berg offered job from dent oonsttite" dsredtable act 11. Tha Code pronibits the oictaion and dissicsure of the Uniform CPA cxam nation quantons andanersithout parmission ct th AICPA 12. Two nulaa ane vilated wherby an indvidual knoingly included talea and mialaading ransactions in the financal stanamente thar wne proided to the bank. 13. Seting afee based on fnancial sts is in vielation of mutiple rues ofthe Code 14. Providing fnancisl informetion systeme design and implementation services to a publicly-traded cient is prohibited under indegendence rules. Independence and General Standards ndapandanc and Inagrty and obijactvity ntegrity and Objectivity intagnty and Objatiity and General Standar% More Int Print Done The 3 at m ofMltr and Yancy, eporting One ofte partners in Miler and Yancy has a diect fnancial inerest in the audit clee of another fie in the associaion (Assume that Miller and Yaney do not have any involvement with the audit engagement of the audit cient) Connor Badleythe pert er n charge of the 80t of Sout em Fi ace Benk Bredey s in the pocess o pr as besch oondo d has obte ned mor age ins en from Souter Pn ace Jerr er ro es 3 dt cle t has 1 monena n est ert n Pole, no. ro es non dependent Part ts 20 own shares n Poe an Pole s ot 3 3ttat ert o o es r The o m o har parents ownership n Poex s not cant to o es net worth. Joa Stol aly is to mar pat ar n BaGG and S ns, CPAs Raoant ha la tha trm to beco a ta chiar operar omoar of Lac Foods, Ino hichan audit clant cf Ba55 and Sms n his na na s oka hano sponabitias fo finansa pom g Ba" and S s ada s ntant c ar audit plan tr tha upcom Odonal heoepe ated has struggled financialy and has been unablepay the k dl1S dditor Seale and Seale, CPA6 fo the 2014 and 2015 audits Skale and Seale is eunenty plarning the 2010 audit Jessica Alme hes been serving s the senior auditor on the sudit of Carolina BioHeslth Inc. Because of her outstanding work, the head of internal sudit at Ceroline BioHeslth extended her an offer of employment to join the internal audit department as an audit mansger When the discussione with Caroline BioHesith began Jessica . As has oned an ass coton o other CPA t ms 30 as te oou tot hance he types of pro essonal ser ces the fr can pro e M er and Yancy share escu oes wit o er ms n the 1ssoca on n u g a t et odo oges 3 it manuals and co mon systers for b lng and tre b. q. d. audit ormad har cffices managing partnar and wa ramoved trom tre audit engagamant Momis and illams, a regional CPA Sm, is providing information sysees consulting to one of their publicly traded audit cienes They are assising in the implementation of a new fnancial neporsing sysem selected by management chey over53 ence analyst in the ero reso ng des en e t Techno o e5 te et nel. vete y held o ore on Au ey 85 8 ked to pepe e 5e er jo el emmes or Techno es inte natons elated to t anse ons et hse not yet oco ed The entres e efecte n nenas stste en 3 het te comp any Astin and Houston, CPAs is pa O ter services for McAlster Giobal. ing consult to he p manage ent of Me oba se ws ea nePro uct on ep6/ations A and Houston guetu ed t e tee tr this engager ent to be a fied pereema e a coss that esult once the e pocesses ara i w emed Aug n and Houston pe orm ne
