Snicker and Doodle formed a corporation called Financial Advisors, Inc., each individual taking 50% of the authorized common stock. Snicker is a CPA and a member of the AICPA and NYSSCPA. Doodle is a CPCU (Chartered Property Casualty Underwriter). The corporation performs auditing, accounting, and tax services under Snicker's direction and insurance services under Doodle's supervision. The opening of the Company's office was announced by a full- page ad in the New York Times, in which the company guaranteed a tax refund to all clients. One of the Company's audit clients was the Super De Dooper Company, a nonissuer. Super De Dooper had total assets of $750,000 and total liabilities of $420,000. In the course of the audit, Snicker found that Super De Dooper's building with a book value of $400,000 was pledged as collateral for a fifteen-year-term note in the amount of $360,000. The Company's financial statements did not disclose that the building was pledged as collateral for the note. However, as the failure to disclose the lien had no effect on either the value of the assets or the amount of the liabilities and the audit was otherwise satisfactory, Snicker issued an unmodified opinion on the financial statements of Super De Dooper. Approximately three months after the audit report and the financial statements were released, Snicker learned that an insurance company was planning to loan Super De Dooper $300,000 in the form of a first-mortgage on the building. Snicker immediately realized that the insurance company was unaware of the existing lien on the building. Accordingly, Snicker told Doodle to inform the insurance company of the fact that Super De Dooper's building was already pledged as collateral for the term note. Required: 1. Identify and discuss the ethical implications of those acts by Snicker that were in violation of the AICPA Code of Professional Conduct. 2. Discuss the ethical implications if Super De Dooper offered Snicker a bonus of $50,000 if the insurance company loan was granted. 3. Discuss the ethical implications if the audit fees for the prior year were still outstanding when Snicker was about to issue the current-year audit report.