The AICPA Code of Professional Conduct

In this discussion, you will familiarize yourself with the rules that govern CPAs. Understanding these rules helps ensure that you provide accounting services to your clients with sound ethical and legal practices.

Based on the scenario below, determine violations of the AICPA Code of Professional Conduct. State which rules are violated and how the parties' actions violated those rules.

The Blues Company hired Dan Wilson, a CPA, and a member of the AICPA, to perform the financial statement audit for its current year. Halfway through the audit, the Blues Company president released Dan Wilson from the engagement due to several disputes with management. Dan Wilson was not paid for performing his part of the audit, and he did not give his working papers to Blues Company to use. The working papers contained several adjusting journal entries as well as company analysis, among other things that Blues Company cannot recreate.