Please help me answer 3-18 3-3. What is the basic purpose of a code of ethics for
Question:
Please help me answer 3-18
3-3. What is the basic purpose of a code of ethics for a profession?
3-4. describe the relationship among the AICPA code of Professional conducts principles, rules, and interpretations.
3-5. List the broad categories of threats to independence included in the AICPA Conceptual Framework for Independence Standards.
3-6. How does the AICPA Code of Professional conduct relate, if at all, to statements on Auditing Standards?
3-7. Explain how a CPA might have an indirect financial interest in an audit client. Does the AICPA Code of Professional Conduct prohibit such interest?
3-8. Bill Scott works as a manager in the Phoenix office of an international public accounting firm.His father has just taken a position as a purchasing agent for one of the public accounting firm's Phoenix clients.Has Bills independence been impaired with respect to this audit client? Has the public accounting firm's independence been impaired if Bill does not work on the audit?
3-9. Three months ago, a national public accounting firm hired Greg Scott to work as a staff auditor in its New York office. Yesterday, Scott's father was hired to be the chief financial officer of one of the public accounting firms New York office clients.Has the independence of the public accounting firm with respect to this client been impaired?
3-10. Sara Kole, CPA, has been requested by the president of Noyes Company, a closely held corporation and audit client, to cosign Noyes Company checks with the Noyes treasurer when the president is away on business trips.Use the code of professional conduct (available at pub.aicpa.org/code of conduct) to research and determine whether Kole would violate the public accounting profession is requirements if she accepted this request. Also, provide the reference for the most directly. Applicable ethics rule (e.g., Etl. Xxx.xxx)
3-11. With respect to ethics, what are the responsibilities of the Public Company Accounting Oversight Board. What is the source of the Board 's authority?
3-12. Describe what is meant by the term "covered Member"?
3-13. How do the rules for the audit of public versus nonpublic companies differ with respect to the independence of a CPA who performs routine accounting services for a client?
3-14. Which rules of the AICPA code of professional conduct recognize the PCAOB as a body authorized to issue technical standards?
3-15. Comment on the following: In performing a consulting engagement for a client, a CPA may perform any services that the client requests.
3-16. Use the AICPA Code of Professional Conduct (available at pub.aicpa.org/code of conduct) to identify the circumstances under which a CPA may not perform professional services on a contingent fee basis.Cut and paste the most directly relevant rule from the code.
3-17. Jian Zhang is a CPA who often services as an expert witness in court cases.Is it proper for Zhang to receive compensation in a damage suit based on the amount awarded to the plaintiff? Discuss.
3-18. Sandy Schultz, CPA, has performed a consulting services job in which she made recommendations that ultimately resulted in one of her audit clients purchasing a computer manufactured by the AMZ computer corporation. Shortly thereafter, Ms. Schultz was surprised when she received a $1,000 unsolicited commission from AMZ Computer Corporation.Would acceptance of this commission violate the AICPA code of professional conduct? Explain.