For the following scenarios: state the violationtjsi to the Rules of Professional Conduct and indicate the reason why it is a violation: 1.Pau| Lee. CPA, was the CFO of ABC incorporated. In his role as CFO. he became aware of a material error in the company's inventory for the annual financial statements in the amount of approximately $1.5 million. Paul brought the matters to the attention of senior management. who casually indicated that year end was already completed and thus they did not want to harm investor confidence by reissuing the financial statements, but Paul did not seek assistance or guidance from either the professional body or the securities commission. 2.David Collier, CPA: obtained his designation in 2000. Since that time. he has built up a significant tax practice. In late 2015, a new client approached David and asked him to perform an audit engagement. Believing this could lead to a substantial amount of tax work in the future: David agreed, even though he had not taken any accounting or assurance courses for many years. in performing the audit engagement: David obtained an engagement letter. put the financial statements together based on the clients trial balance: and attached a review engagement report. The financial statements contained a material error