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For Each of the Following Cases Indicate If the Action

question 77

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. Disclosed client information to another CPA firm during the discussion of a merger of the two firms
B. Allowed a company to change the way it values inventory to a method that is not GAAP because following GAAP would be misleading
C. Had a new car loan from a bank that is a client when the bank holds the title to the car
D. Based a fee on approval of a bank loan dependent on audited financial statements
E. Did not comply with Government Auditing Standards on a government audit 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. Disclosed client information to another CPA firm during the discussion of a merger of the two firms B. Allowed a company to change the way it values inventory to a method that is not GAAP because following GAAP would be misleading C. Had a new car loan from a bank that is a client when the bank holds the title to the car D. Based a fee on approval of a bank loan dependent on audited financial statements E. Did not comply with Government Auditing Standards on a government audit


Definitions:

Internment Camps

Detention centers established by a government to confine people considered a threat to national security or wartime efforts, often without trial.

Segregation

The enforced separation of different racial groups in a country, community, or institution, often leading to discrimination and inequality.

U.S. Army

The land warfare service branch of the United States Armed Forces, responsible for land-based military operations.

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