Monty Is a Licensed Certified Public Accountant

question 52

Essay

Monty is a licensed Certified Public Accountant. Last year he prepared an individual income tax return for Apple Bakeries, Inc. This year Apple Bakeries switched to a different tax return preparer. This year he is preparing income tax returns for a completely separate business, Cinnamon Roll Bakery, Inc. The owner of Cinnamon Roll asked Monty to give him the tax return data from Apple Bakeries, to help estimate the tax liability of Cinnamon Roll Bakery, Inc.
Is there a professional responsibility issue for Monty to consider in satisfying Cinnamon Roll's request? If so, what is the issue?

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Definitions:

Transformational Leadership

Leadership approach that causes change in individuals and social systems, enhancing motivation, morale, and performance.

Inspirational Promotion

Marketing efforts designed to motivate or inspire the target audience towards a desired action by appealing to emotions or ideals.

Fundamental Aspirations

The basic goals, desires, or ambitions that drive an individual's or organization's actions and decisions.

Vision

The ability to think about or plan the future with imagination or wisdom; often refers to a clear, distinctive, and specific view of the future, usually connected with strategic goals.