in this situations involves a possible violation of the AICPA’s Code of Professional Conduct, Rule 101. Indicate whether situation violates the Code. If it violates the Code, explain why.

Julia Roberto, a sole practitioner, has provided extensive advisory services for her audit entity, Leather Ltd. She has interpreted financial statements, provided forecasts and other analyses, counseled on potential expansion plans, and counseled on banking relationships but has not made any management decisions. Leather is a privately held entity.