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For each of the situations listed, identify which of the three principles ( integrity , objectivity and independen Code of Professional Conduct is violated. Assume
For each of the situations listed, identify which of the three principles integrity objectivity and independen
Code of Professional Conduct is violated. Assume all persons listed in the situations are members of the A
Code of Professional Conduct.
a Reggie, the managing partner of an audit firm, has the authority to approve all
transactions. As a result, he uses firm funds to purchase a new couch for his home.
b Taylor is a firstyear auditor for a large public accounting firm. She is assigned to audit
Bike Global, a regional travel agency specializing in bike tours. Taylor does not disclose to
her firm that her mother is a coowner of Bike Global, since Taylor knows that she will not
allow herself to be influenced by her mom.
c Rick has been working for his company for ten years and is required to attend internal
control training annually. Rick does not attend the training this year because he feels he
already understands the policies. Significant policy updates have occurred during the past
year.
d Brooke, an accounts payable clerk, must have her manager sign off on all checks
over $ Her manager is out of the office this week, so Brooke forges her manager's
signature to make sure the check is sent out on time.
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