Albert Gable is a partner in a CPA firm located in a small midwestern city that has
Question:
Albert Gable is a partner in a CPA firm located in a small midwestern city that has a population of approximately 65,000. Mr. Gable’s practice is primarily in the area of personal financial planning; however, he also performs an annual audit on the city’s largest bank. Recently, Mr. Gable was engaged by Larry and Susan Wilson to prepare a comprehensive personal financial plan. While preparing the plan, Mr. Gable became personal friends of the Wilsons. They confided to him that they have had a somewhat rocky marriage and, on several occasions, seriously discussed divorce. Preparation of the comprehensive personal financial plan, which is nearing completion, has taken six months. During this period, Mr. Gable also performed the annual audit for the bank.
Questions
1. What are the ethical issues?
2. What should Albert Gable do?
Step by Step Answer:
Business And Professional Ethics
ISBN: 9780357441886
9th Edition
Authors: Leonard J Brooks, Paul Dunn