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For each case, state whether or not the action or situation violates the rules of professional conduct, explain why, and cite the relevant rule
For each case, state whether or not the action or situation violates the rules of professional conduct, explain why, and cite the relevant rule or interpretation. If it is an independence threat, identify which one. 1. Archie Goodwin, PA, performs significant day-to-day bookkeeping services for Harper Corporation and supervises the work of the one part-time bookkeeper employed by Marvin Harper. This year, Marvin wants to engage PA Goodwin to perform an audit. 2. PA Fritz's wife owns 20% of the common shares of Botacel Company, which wants Fritz to perform the audit for the calendar year ended December 31, 20X4. 3. Your client has become increasingly irritable with the amount of questions you are asking them. They indicate to you that you should Just give us a clean audit opinion and get on with your day. After all if I'm not happy I know four other companies that you audit and we will go elsewhere! 4. The Rockhard Trust Company, a client of your firm, privately told your local managing partner that a block of funds would be set aside for home loans for qualified new employees. Rockhard's president is well aware that your firm experiences some difficulty hiring good people in the mid- size but growing community and is willing to do what he can to help while mortgage money is so tight. Several new assistant accountants obtained home loans under this arrangement.
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