A CPA serves as the trustee of a trust that owns many different stocks, including stock in

Question:

A CPA serves as the trustee of a trust that owns many different stocks, including stock in a client company that the CPA audits. The client company sold a complex set of products and services for one combined price. The client would like to record the entire price as revenue of the current year, in the hope that this large revenue boost will increase its stock price. The rules that govern how revenue should be allocated among the various products and services sold are not clear-cut. Does the auditor have a conflict of interest?
GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...