Internal Revenue Service. 3. While observing the year-end inventory of Ethical Manufacturing Company, the plant manager of- fers Herb Standard a fishing rod, which Ethical manufactures, in appreciation for a job well done. 4. Herb Standard's acquaintance, Joe Lender, is chief loan officer at Local Bank, an audit client of Cash & Green. Herb approaches Joe for an unsecured loan from Local Bank and Joe approves the loan. 5. Herb Standard is a member of a local investment club composed of college fraternity brothers. The club invests in listed stocks and is fairly active in trading. Last week the club purchased the stock of Leverage Corp., a client of another Cash & Green office. Herb has no contact with the members of this office. Required For each situation, (a) identify the ethical issues that are involved and (b) discuss whether there has or as not been any violation of ethical conduct. Support your answers by reference to the rules of the ICPA Code of Professional Conduct, available at the AICPA website (www.aicpa.org). faulted on the payment