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Read the following case scenario. Select the answer that applies to this situation. Paul Popeye Seaman, CPA, is an AICPA member and controller of Copamarina
Read the following case scenario. Select the answer that applies to this situation. Paul "Popeye" Seaman, CPA, is an AICPA member and controller of Copamarina Vessels Incorporated (CVI). CVI recorded a material sale of motorized boats on the last day of the first quarter. Seaman never received any notice of a sales invoice. He never received any documentation of shipping to assure that the sales transaction truly occurred. Seaman proceeded to record the sales transaction even though this was a departure from company policy. a. The controller could potentially be in violation of the Acts Discreditable rule. b. The controller is likely not in violation of any rule. c. The controller could potentially be in violation of the Integrity and Objectivity rule. d. The controller could potentially be in violation of the General Standards rule
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