For Each of the Following Cases Indicate If the Action

question 24

Essay

For each of the following cases indicate if the action by a member CPA is a violation of the AICPA Code of Professional Conduct and cite the relevant rule.
A. Was a trustee of client's profit-sharing trust.
B. Accepted referral fees from local attorneys for nonattest clients with the clients' knowledge.
C. Performed audit in accordance with GASB standards.
D. Advises client to have an insurance review from a local insurance company in which the CPA has a material financial interest.
E. Promoted tax service on local TV station.

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Definitions:

Totalitarian

A political system in which the state holds total authority over the society and seeks to control all aspects of public and private life whenever possible.

Citizen Control

The degree to which citizens have the power to influence or direct the actions of their government or governance structures.

Economic Inequality

The unequal distribution of economic resources among individuals or groups within a society, often leading to disparities in wealth, income, and opportunities.

Liberal Democracy

A form of government characterized by free and fair elections, civil liberties, political pluralism, and the rule of law.