L21 Notes_Part_25 - observed that the deductions for...

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The Professional Ethics Executive Committee can direct a member to take remedial or corrective actions. Disciplinary Actions Termination of AICPA Membership Suspended AICPA Membership AICPA Trial Board Actions
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© W.R. Knechel Ethical Cases John Brown is a CPA, but not a partner, with three years of professional experience with Lyle and Lyle, CPAs, a one-office CPA firm. He owns 25 share of stock in an audit client in the firm, but he does not take part in the audit of the client and the amount of stock is not material in relation to his total wealth. b. In preparing the personal tax returns for a client, Phyllis Allen, CPA,
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Unformatted text preview: observed that the deductions for contributions and interest were unusually large. When she asked the client for backup information to support the deductions, she was told, "Ask me no questions, and I will tell you no lies." Allen completed the return on the basis of the information acquired from the client. c. A client requests assistance of J. Bacon, CPA, in the installation of a computer system for maintaining production records. Bacon had no experience in this type of work and no knowledge of the client's production records, so he obtained assistance from a computer consultant. The...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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L21 Notes_Part_25 - observed that the deductions for...

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