Scott Putman owns and operates a lawn care company. Like most companies in the lawn care business,
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a. Is Mr. Putnam right in his assumption that the total tax paid is the same under his approach as it would be if proper accounting procedures were applied? Explain.
b. Assuming that Mr. Putman is a CPA, do his actions violate any of the articles of the AICPA Code of Professional Conduct shown in Chapter 2 (Exhibit 2.9)? If so, discuss some of the articles that are violated.
c. Discuss Mr. Putman’s actions within the context of the fraud triangle’s elements of ethical misconduct that were outlined in Chapter 2.
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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