For Each of the Following Cases Indicate If the Action $\quad$

question 15

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. Inetter $\quad$$\quad$ Relevant Rule $\quad$$\quad$ Violation? (Yes/No)

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Definitions:

Treasury Stock Transactions

Activities involving the buyback or resale of a company's own stock, affecting the equity section of a company's balance sheet but not its issued stock number.

Stockholders' Equity

Represents the residual value of a company's assets after deducting its liabilities, essentially indicating the net worth attributable to shareholders.

Ex-dividend Date

The first day on which buying a stock will not entitle the new owner to the declared dividend.

Date of Declaration

The specific date on which a company's board of directors announces the distribution of a dividend or other corporate action.