Question
Frank Jones performed an audit of the financial statements of the Township for the year ended March 31, 2014. A complaint was filed against Jones
Frank Jones performed an audit of the financial statements of the Township for the year ended March 31, 2014. A complaint was filed against Jones for violation of the AICPA Code of Professional Conduct. The Township contends that Mr. Jones audit contained major deficiencies. The following additional information was provided in regards to the deficiencies in the audit report: The financial statements presented a prior year column that was also audited by Mr. Jones. However, the auditors opinion made no reference to the prior year. Many other required statements were inaccurate or missing. Based on review of the footnotes to the financial statements, required notes were not present. Many items required in the work papers were not present. Below is a link to a summary of the sections in the AICPA Code of Professional Conduct. Refer to these sections in your answers. AICPA Code of Professional Conduct Based on the information we covered in Week 13 and 14 do you think Frank Jones has violated the AICPA Code of Professional Responsibility. If so, what section(s) of the AICPA Code of Professional Conduct has he violated. Briefly justify your answer.
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