Select the letter of the most relevant Rule of the AICPA Code of Professional Conduct from the list below that indicate whether a violation has occurred. Base your decision only on the information provided.

A. Commissions and Referral Fees

B. Confidential Client Information

C. Independence

D. Integrity and Objectivity

A CPA firm performs a review engagement for Client X. A partner in the same office as the engagement partner has a dependent daughter who owns 10 shares of client stock. The statement pertains to AICPA code of conduct rule:

2. Do you consider the situation in question 1 a violation of the AICPA rule of conduct?

3.

1. Select the letter of the most relevant Rule of the AICPA Code of Professional Conduct from the list below that indicate whether a violation has occurred. Base your decision only on the information provided.

A. Commissions and Referral Fees

B. Confidential Client Information

C. Independence

D. Integrity and Objectivity

Mike Lednicky, CPA, is a partner in the Dallas office of Arthur & Thompson, CPAs. Mike’s brother is an inventory warehouse supervisor at Sweeny Appliances, an audit client of Arthur & Thompson’s Denver office. Neither Mike nor the Dallas office is involved in the audit of Sweeny Appliances. The statement pertains to AICPA code of conduct rule:

4. Do you consider the situation in question 3 a violation of the AICPA rule of conduct?

Answer rating: 100% (QA)

1 C Independence 2 Bylaw Section 230 explains that the Code applies ... View the full answer