Question
When Michael Bona, CPA and internal auditor of the Sharktank Company, prepared the financial statements of the company, he decided that the pending millionaire lawsuit
When Michael Bona, CPA and internal auditor of the Sharktank Company, prepared the financial statements of the company, he decided that the pending millionaire lawsuit against the company for violation of the regulations applicable to the protection of the environment of the EPA (Environmental Protection Agency), was not to be disclosed in the footnotes. He justifies this omission of information because it could be detrimental if the shareholders find out about the practices of contaminating the Cloud 9 environment. Kozlowski violates the code of ethics in the area of:
a. confidentiality
b.competence
c. objetivity-credibility
d. no violation
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
20th edition
77729145, 978-1259295430, 1259295435, 978-0077729141
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