A CPA has been doing the records for a company for the last ten years. She was approached by the owner to create two sets of records because he is going through a divorce and wants to keep as much of his assets as possible. Compare and contrast the pros and cons of the CPA doing as asked. Explain how you would act from an ethical standpoint.

In one of the following situations, the member acted properly. Which one? Group of answer choices a. Joe was providing consulting services to client Lowery Company and in that capacity learned trade secrets that he used to convince Richter Corporation to hire him as a consultant who could help Richter compete against Lowery. b. Fiona prepared a joint tax return for Tom and Pam, a married couple. When Tom and Pam got into a vicious divorce proceeding, Fiona helped Pam, whom she perceived to be the wronged party, and refused to share any information with Tom, whom she thought was a bad husband. c. Han prepared corporate income tax returns for Nadle Corporation until he became uncomfortable with how aggressive in seeking deductions Nadle was asking him to be. He“fired” Nadle as a client. When Nadle sought to replace Han with Jennifer, she called Han and asked: “What can you tell me about Nadle?” Han replied: “Well, I think you should ask Nadle to grant me permission to speak…

Jane, a partner in a CPA firm, borrows money from one of her firm's audit clients. She is a covered member with respect to this client. For which type of loan may Jane borrow from the client and not impair her independence? A.) She uses the money to help her parents B.) She purchases a home that will be her primary residence C.) She uses the money to obtain a master's degree D.) She purchases an automobile, which is collateral for the loan

Each of the following situations involves a possible violation of the AICPA Code of Professional Conduct. For each situation, state the applicable rule of conduct and whether it is a violation. t of Said has a successful dentistry practice in Wasagee. Said has recommended one of his patients to Suha, CPA. To show gratitude for the referral, Suha has agreed to pay Said a token gift of $100, Suha discloses the payment arrangement to her new clients. guestion Choose. Accounting firm of Rami, CPAS, is negotiating a fee with a new audit client. They agree the client will pay $8.000 as stated fees, and $2000 if the result of the audit is a clean Choose teport Next page