Question
Please use the EDM model to analyze and discuss the factual scenario presented in the question. Please be as specific as possible in your identification
Please use the EDM model to analyze and discuss the factual scenario presented in the question. Please be as specific as possible in your identification and discussion of the ethical issues and threats and any mitigating actions you recommend. You are not required to cite sections of the AICPA Code of Professional Conduct, as long as you identify and discuss the underlying principles.
Kendra, CPA, a sole practitioner, has owned her own practice for eight years. She has one employee who is studying to become a CPA and who started working for her part-time two years ago while she was finishing his bachelors in accounting and joined her firm when he graduated a year ago. Kendra was approached by an attorney, asking her to assist him in representing one of her largest clients, Brooks, Inc., in a litigation matter. The matter involves a gravely serious breach of contract suit against Brooks, Inc., and Kendras function would be to examine evidence and provide expert opinion and testimony to help determine if a breach in fact occurred. Would there be any threats to Kendras compliance with the AICPA Code of professional conduct, should she decide to accept this engagement? If she did accept the engagement, would there be any safeguards that may help her mitigate those threats?
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