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The scenarios below all involve a possible violation of the AICPA's Cod of Professional Conduct. 1. Using the list below, indicate which of the Code

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The scenarios below all involve a possible violation of the AICPA's Cod of Professional Conduct. 1. Using the list below, indicate which of the Code of Conduct Rules applies to the scenario. a. 101: Independence b. 102: Integrity and Objectivity c. 302: Contingent Fees d. 501: Acts Discreditable e. 503: Commissions and Referral Fees f. 505: Form of Organization and Name 2. State if the scenario is a violation of the Code. Scenario: 1. Margaret Henry is a partner in the Tupelo office of Jenkins \& Thom, CPAs. Margaret's father is the controller at Markrich Sporting Supplies, Inc., a publicly held company in Tupelo. Markrich is one of Jenkins \& Thorn's audit clients. Margaret is not involved in the audit of Markrich. 2. Jason Alexander is an audit manager with Reese \& Co., CPAs. Jason owns 100 share of common stock in one of the firm's audit clients, but he does not provide any audit or non-audit services to the company. 3. The accounting firm of Fine \& Herman, CPAs, provides bookkeeping and tax services for Henderson Corporation, a privately held company. Mr. Herman also performs the annual audit of Henderson Corporation. 4. Elaine Cooper CPA, is the auditor of Paula's Pizza. Toward the end of the audit, Paula gave Elaine her estimate of receivable collectability and Elaine accepted it without any testing

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