Question
For each of the following situations, indicate whether or not the CPA may be violating the AICPA Code of Ethics. Explain why you think so
For each of the following situations, indicate whether or not the CPA may be violating the AICPA Code of Ethics. Explain why you think so using specific rules in the Code, whether or not there is a violation, so you must state it clearly.
5- John Adams, CPA, agreed and contracted to audit Kelly Company. During the audit he realized that he did not have the technical competence to carry it out. However, he concluded it and issued an unmodified opinion on the financial statements of Kelly Company.
6- In the process of preparing his client's tax return, the CPA deducted an item at the client's request, even though he knows that it is not justified by the tax law.
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