Question
True or false? Tom is a CPA and he has a bit of a temper. Occasionally his conduct is a little odd. This has led
True or false?
Tom is a CPA and he has a bit of a temper. Occasionally his conduct is a little odd. This has led to some complaints by his clients.
1. Tom was interviewing an applicant for a position at the firm and told her that she was too old for the job. The applicant, who was 61, complained. Tom's action was discreditable. 2. Tom is an excellent tax accountant who has never had a single complaint by a tax client. On the other hand, he has not paid his own income taxes for three years. This failure is a discreditable act. 3. Tom was in talks involving his firm potentially becoming the tax adviser for Mega ABC Corporation. During those negotiations, Mega ABC disclosed some confidential financial information. Ultimately, Mega ABC hired a different firm to be its tax adviser and it never became a client of Tom's firm. This made Tom mad and he used some of the information to trade in Mega ABC's stock in retaliation for Mega ABC's decision. This trading is a discreditable act. 4. Tom's client, LMN Co., fired Tom as its tax accountant and demanded return of the records it had provided Tom so that he could prepare LMN's tax return. Tom reasonably believes that LMN still owes Tom's firm money for services provided. In light of Tom's good faith belief, he need not return the records. 5. LMN Co. also demanded that Tom provide copies of his working papers. Tom is mad and refuses to turn them over. This is a discreditable act.
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