You will be presented with multiple scenarios. For each scenario, respond theaccountant in the form of an email. Your email must:Explain what you understand to be the "threat." $($For example, $"$It$$seems that this situation can impair independence."$)$Clearly state any assumptions you are making. $($For example, you$$might say $$I assume the client is not a publicly held company.$)$Explain alternative assumptions if they lead to different answers.$($For example, you might say, $$If the company is publicly held, youmay not perform that service as that is prohibited by the SEC.$)$Properly reference the specific section of the AICPA Code of$$Professional Conduct and$/$or cut and paste from the code into youranswer.Address any ethical virtue or issue you see in the question. $($For$$example: going along with the client might conflict with the virtue ofTrustworthiness$)$

Scenario $4$:Accountant $4$ is an audit senior, he owns stock in the ABC company and they are now anaudit client of that office, does he need to do anything?

Scenario $5$:Accountant $5$ is the partner in charge for financial resources in cpa firm, he is concerned: ourclient is a remarkably successful company, we have a good deal of cash as a cpa firm that wewould like to invest somewhere, as a partner in charge of financial resources, I would like toinvest in our client, can i$?$

Scenario $6$:Accountant $6$ is an audit manager, my client, a privately held company admires my work andthey have offered me a job to start when the engagement is over, what should I do$,$ adviseaccountant $6.$

Scenario $7$:Accountant $7$ is the audit manager of a distressed client. Our client is in true financialtrouble and they want our firm to lend them money. Can we$?$

Scenario $8$:Accountant $8$ is a staff accountant. The client wants to give me a key to the office to come inearly and get started. There are a lot of assets and documents in the office. Should I take thekey? Advise accountant $8.$

Scenario $9$:Accountant $9$ is the partner in charge of development. An audit client wants us to take overthe signing of their checks as a part of our audit. Can we do that? Advise accountant $9.$

Scenario $10$:Accountant $10$ is the manager of the tax department, an attorney, an audit client engages usto complete their tax return, would that be okay? Should our tax department take the job?

Scenario $11$:Accountant $11$ is a senior accountant. She says: I recommended a wonderful coffee serviceto my audit client, I received a commission from the coffee service company, can I take thatcommission? Advice accountant $11.$

Scenario $12$:Accountant $12$ is an audit manager. She has been busy working with her client on somefinancial information as she gets ready for the audit. Her client wants her to email the cashbudget that they have worked on to the client$$s bank. She wants to know if she is allowed todo that. Can she email the cash budget of the client to the client$$s bank as a request fromthe client?

Scenario $13$:Accountant $13$ is a new staff accountant. She says I just passed the CPA exam. The clientwants to give me and my family the companies$$ luxury box to celebrate the all star baseballgame and I am able to bring my whole family. Can I take the luxury box? Advise accountant

$13.$Scenario $14$:Accountant $14$ is a tax senior. LMN is a new client for us$.$ He just found an error in the lastyear$$s tax return and LMN owes IRS a lot of money. He believes he should amend the returnbut LMN refuses. He wants to call the IRS or do something. What should he do$?$

Scenario $15$:Accountant $15$ is the audit partner of the st louis office. He is concerned because a client isnow suing the st louis office. What should he do with the audit client. Can he still do theaudit?

Scenario $16$:Accountant $16$ is the partner in charge of the California office. He said our client ghi saysthey would give us a $10\%$ increase in our fees if we agreed to give them a clean opinion. Canwe accept that bonus? Advise accountant $16.$

Scenario $17$:Accountant $17$ is the former manager of the audit dept. She says: when covid hit I decidedto retire. I was a cpa for $30$ years but im no longer practicing, can I still call myself a cpa? Do Istill need to take cpe and continue education classes? Advise accountant $17.$Scenario $18$:Accountant $18$ is the manager in charge of the tax dept. He says: the firm likes my work, andhas invited me to become a partner in the cpa firm. But I am not a cpa I am an attorney. CanI still become a partner? Advise accountant $18.$Scenario $19$:Accountant $19$ is the partner for the def company, cpa firm. She says that she did such agood job of the audit for def that the def company wants her to take a job for them. Can thepartner of the cpa firm become the cfo for a publicly held company $($DEF company$).$Scenario $20$:Accountant $20.$ His best friend is the cfo of a large client in the office, can my firm still auditthe company?