0324654553_91196

0324654553_91196 - BLTS-8e Case Problem with Sample Answer...

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BLTS-8e Case Problem with Sample Answer Chapter 35: Liability of Accountants and Other Professionals 35.5 Case Problem with Sample Answer In October 1993, Marilyn Greenen, a licensed certified public accountant (CPA), began working at the Port of Vancouver, Washington (the Port), as an account manager. She was not directly engaged in public accounting at the Port, but she oversaw the preparation of financial statements and supervised employees with accounting duties. At the start of her employment, she enrolled her husband for benefits under the Port’s medical plan. Her marriage was dissolved in November, but she did not notify the Port of the change. In May 1998 and April 1999, the Port confronted her about the divorce, but she did not update her insurance information. After she was terminated, she reimbursed the Port for the additional premiums it had paid for unauthorized coverage for her former spouse. The Washington State Board of Accountancy imposed sanctions on Greenen for “dishonesty and misleading representations” while, in
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This note was uploaded on 11/13/2011 for the course ECON 101 taught by Professor Professor during the Spring '11 term at NJIT.

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0324654553_91196 - BLTS-8e Case Problem with Sample Answer...

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