The Following Is a List of Circumstances That Might Be

question 17

Essay

The following is a list of circumstances that might be faced by a public accounting firm.Select the rule violated of the AICPA Code of Professional Conduct in the second column.If no rule is violated select 10--no violation (this may be used once,more than once,or not at all).Rules 1 through 9 may be used either once,or not at all.
1.A CPA does not follow generally accepted auditing standards in the audit of a nonpublic US company
2.A CPA discloses information about a client because the information was subpoenaed
3.A CPA robs a bank
4.A CPA charges an audit fee that depends on the amount of credit the client obtains
5.A CPA advertises in a local newspaper
6.A client knowingly issues financial statements that inappropriately and materially depart from an FASB standard
7.A CPA and the president of an audit client both have an immaterial joint investment in another company.The CPA firm provides no services for the other company
8.In preparing a tax return,a CPA takes a deduction at the client's request that the CPA believes is not justified
9.The dependent-son of a partner in a CPA firm owns ten shares of stock in an audit client
10.A CPA owns 100 shares in a consulting client for which the firm provides no attest services