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The following is a list of circumstances that might be faced by a public accounting firm. Select the rule violated of the AICPA Code of
The following is a list of circumstances that might be faced by a public accounting firm. Select the rule violated of the AICPA Code of Professional Conduct in the second column. If no rule is violated select no violation this may be used once, more than once, or not at all Rules through may be used either once, or not at all.
tableCircumstanceAtableThe dependentson of a partner in a CPA firm owns tenshares of stock in an audit client.BtableIn preparing a tax return, a CPA takes a deduction at theclients request that the CPA believes is not justified.CA CPA robs a bank.DtableA CPA owns shares in a consulting client for whichthe firm provides no attest services.EtableA CPA charges an audit fee that depends on the amountof credit the client obtains.FA CPA advertises in a local newspaper.GtableA client knowingly issues financial statements thatinappropriately and materially depart from a FASBstandardHtableA CPA and the president of an audit client both have animmaterial joint investment in another company. The CPAfirm provides no services for the other company.ItableA CPA discloses information about a client because theinformation was subpoenaed.JtableA CPA does not follow generally accepted auditingstandards in the audit of a nonpublic US company.
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