Harris Fell, CPA and member of the AICPA, was engaged to audit the financial statements of Wilson Corporation. Fell had half-completed the audit when he had a dispute with the management of Wilson Corporation and was discharged. Hal Compton, CPA, was promptly engaged to replace Fell. Wilson Corporation did not compensate Fell for his work to date; therefore, Fell refused to allow Wilson Corporation's management to examine his working papers. Certain of the working papers consisted of adjusting journal entries and supporting analysis. Wilson Corporation's management had no other source of this information. Did Fell violate the AICPA Code of Professional Conduct? Explain fully.
Answer to relevant QuestionsDistinguish between common law and statutory law. List the factors that make up an organization’s control environment.Explain briefly what is meant by an “online real-time system.”If a sample of 100 items indicates a deviation rate of 3 percent, should the auditors conclude that the entire population also has approximately a 3 percent deviation rate?What auditing procedures, if any, are necessary for notes receivable but not required for accounts receivable?
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