Question
I am stuck on this Ethics for Accountants question. I have read through the text and cannot seem to find anything that helps. The Commodities
I am stuck on this Ethics for Accountants question. I have read through the text and cannot seem to find anything that helps.
The Commodities Futures Trading Commission, or CFTC, is a respected federal agency that oversees trades in futures contracts for commodities such as wheat and cotton. You have several clients in Iowa that hedge their production costs by trading futures contracts.
The CFTC has asked you to voluntarily attend a hearing that they are conducting concerning allegedly improper futures contract trades by one of your clients. You have no information or knowledge about any of these trades, and you believe that your public reputation will be tarnished if the business community discovers that you refused to attend the hearing of a respected governmental agency.
Should you attend?
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