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I need help solving this :) Possible options are due care, Integrity, and objectivity and independence Thanks! This Question 15 pts This Test 200 pts
I need help solving this :)
Possible options are due care, Integrity, and objectivity and independence
Thanks!
This Question 15 pts This Test 200 pts possible 10 of 10 (0 complete For each of the situations listed, identify which of three principles (integrity, objectivity and independence, or due care) from the AICPA Code of Professional Conduct that is violated Assume all persons listed in the situations are members of the AICPA. (Note: Refer to the AICPA Code of Professional Conduct Select the principle from the AICPA Code of Professional Conduct that is violated for each of the situations. a. Henry is the CFO for Front Street Coffee Corporation and is going to take the company public within the next six months. In an effort to make the stock look more appealing and therefore sell at a higher price, Henry overrides the system controls and records fictitious sales entries. b. Heather is a senior auditor for Lenardi & Calwell and has worked on its client, New Iron, Inc., for the past few years. A few months ago, New Iron, Inc., offered Heather a position in its intermal audit department. Heather accepted the position and works very closely with the external auditors In fact, she often prepares the work papers for the external auditor since she knows the systems better than the new auditors. c. Lauren's company. Tombolo Technologies, recently decided to repurchase stock from its shareholders. Lauren is in charge of booking the entries for this new treasury stock. However, she does not know how to record treasury stock transactions, so she just deducts the amount repurchased from Common Stock. recently obtained a new c ent, Gatmut, Inc. Evan's sister is the CEO of d. Evan is a senior manager at Firt & Wells, a regional public accounting firm. Firth & Wells Gamut, a fact that he did not disclose to the boardStep by Step Solution
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