Question
For each of the following cases indicate if the action by a member CPA is a violation of the AICPA Code of Professional Conduct and
For each of the following cases indicate if the action by a member CPA is a violation of the AICPA Code of Professional Conduct and cite the relevant rule. For this question, for the first blank, answer Yes OR No as to whether the statement violates the AICPA Code of Professional Conduct. Then for the second blank, cite the relevant rule. You may cite the relevant rule by number or by briefly describing the rule.
1. Disclosed client information to another CPA firm during the discussion of a merger of the two firms. _____ ________
2. Allow a company to change the way it values inventory to a method that is not GAAP because following GAAP would be misleading. ________ ___________
3. Had a new car loan from a bank that is a client when the bank holds the title to the car. ________ _________
4. Based fee on approval of a bank loan dependent upon audited financial statements. _________ ________
5. Did not comply with "Government Auditing Standards on a government audit." _________ ___________
6. Was a trustee of client's profit-sharing trust. __________ ________
7. Accepted referral fees from local attorneys for nonattest clients with the clients' knowledge. ________ __________
8. Performed audit in accordance with GASB standards. ___________ ________________
9. Advises client to have an insurance review from a local insurance company in which the CPA has a material financial interest. _________ ______________
10. Promoted tax service on local TV station. __________ _________________
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