Taylor Co. has been involved in peer review of few other CPA firms. During the process of peer review, following cases came to the attention of different teams. For each of the following independent cases, select from the dropdowns if there is a violation of the rules of AICPA code of professional conduct and the rule and sub rule (if applicable) violated. Please note that some rules may not have a sub rule violation and thus some cells are blackened out.

Q1.CPA was hired to compile financial statements for year ended December 31, 2011. Impressed by the work of one of the staff, client hired him as a manager in their accounting division. He was offered employment before the compilation engagement was completed for joining after the completion of engagement.

Column B: No violation. Column C: No violation. Column D: -

Column B: Violation Column C: Responsibilities to clients. Column D: Confidential client information

Column B: Violation Column C:Independence Column D: Employment relationships

Column B: Violation Column C: Other responsibilities and practices. Column D: Discreditable acts

Q2.

There has been a disagreement between the team lead and the staff on a disclosure note. The alternative suggested by team lead was not acceptable to which one of the staff member disagreed. He, considering himself, a junior staff member agreed not to change the disclosure and also did not discuss with the partner and they went ahead with issuing unqualified opinion.

Group of answer choices

Column B: Violation. Column D: Integrity and objectivity.

Column B: Violation Column C: General standards and Accounting principles. Column D: Accounting PrInciples

Column B: Violation Column C: General standards and Accounting principles. Column D:

Column B: No violation Column C: No violation Column D

Q3.

Eric was partner for an audit engagement for Ben Inc. for the financial year ended December 31, 2011. Looking at the future prospects of the company, Eric acquired stocks of Ben Inc. on April 8, 2012. The working papers were completed on April 15, 2012 and the audit report was signed on April 4, 2012"

Group of answer choices

Column B: Violation Column C: Responsibilities to clients. Column D:Confidential client information

Column B: Violation Column C: Integrity and objectivity Column D: Business relationships

Column B: Violation. Column C:Independence. Column D: Financial interest.

Column B: Violation Column C: Independence Column D: Ethics rulings and other responsibilities

Q4.

On receiving subpoena from judicial authorities, CPA submitted audit working papers of the client to the authorities without taking permission from the client."

Group of answer choices

Column B: Violation Column C: Column D:

Column B: Violation Column C: Column D:

Column B: No violation. Column C: No violation.

Column B: Violation Column C: Column D:

Q5.

Client had provided auditors with the original lease agreements during the course of the audit. After repeated requests of the client, they did not return them back on the basis that they will form part of their permanent audit file."

Group of answer choices

Column B: Violation. Column C: Other responsibilities and practices. Column D: Discreditable acts rule.

Column B: Violation Column C: Integrity and objectivity Column D: Discreditable acts

Column B: No violation. Column C: No violation. Column D: -

Column B: Violation Column C: Responsibilities to clients Column D:General standards

Q6.

Audit team has prepared adjusting journal entries and the supporting schedules during the course of the audit. These were needed by the client as the financial information will be incomplete without these records. Audit partner told that they will not be provided till the fees due to them has been paid.

Group of answer choices

Column B: Violation. Column C: Responsibilities to clients. Column D: Contingent fee rule.

Column B: Violation Column C: 5. Other responsibilities and practices. Column D: Contingent fee

Column B: No violation. Column C: No violation.

Column B: No violation. Column C: No violation. Column D: -

Q7.

CPA was hired to file tax return for the client. He omitted to put certain information in the return. He agreed to amend the tax return and charge 50% of the amount of tax refund.

Group of answer choices

Column B: Violation Column C: Integrity and objectivity Column D: Discreditable acts

Column B: Violation. Column C: Responsibilities to clients. Column D: Contingent fee rule.

Column B: Violation Column C: Integrity and objectivity Column D: Business relationships

Column B: No violation. Column C: No violation. Column D: -

Q8. Jones & Co., a CPA firm of the client is considering selling off her practice to Marc and Co., CPA firm. Jones shared confidential client information with Marc without client consent."

Group of answer choices

Column B: No violation Column C: Other responsibilities and practices Column D:

Column B: Violation Column C: Responsibilities to clients Column D: Financial interests

Column B: Violation Column C: Responsibilities to clients Column D:Confidential client information

Column B: No violation. Column C: No violation. Column D

Q9. Williams is the only partner left in the Robert and Williams CPA firm. Robert died 3 years back and Williams still continued to use the same firm name.

Group of answer choices

Column B: Violation. Column C: Other responsibilities and practices. Column D: Form of practice and name rule.

Column B: Violation Column C: Integrity and objectivity. Column D: Compliance with additional standards

Column B: Violation Column C: Other responsibilities and practices Column D : Advertising and other solicitation

Column B: No violation. Column C: No violation. Column D: -

Q10.Jones, CPAs are auditors for Big Bank. The engagement partner has taken home loan from Big Bank, which was under normal course of business and fully collateralized."

Column B: No violation Column C: Integrity and objectivity Column D: Financial interests

Column B: Violation Column C: Other responsibilities and practices. Column D: Confidential client information

Column B: Violation. Column C: Independence. Column D: Financial interest.

Column B: No violation. Column C: No violation. Column D: -