Question: A prospective new client literally walked up to your CPA firm's reception desk, and asked to speak with you. She proceeded to tell you about

A prospective new client literally walked up to your CPA firm's reception desk, and asked to speak with you. She proceeded to tell you about her "scummy" ex-boyfriend's under-the-table unreported cash income and requested your help in filing an IRS Whistleblower Claim. You reviewed the evidentiary documents, authored the filing, and filed the claim in your own name, with your new client's consent. You have agreed in writing to split any award with your client. You never have had a professional relationship with her ex-boyfriend. Are you legally and ethically allowed to receive and keep your share of the reward?

Step by Step Solution

★★★★★

3.29 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

CPAs violate the Code of Conduct concerning confiden... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1356-B-O-B-B-E(2009).docx

120 KBs Word File

Students Have Also Explored These Related Organizational Behavior Questions!

Art, Sam, and Kaye (ASK) operates a management consulting firm. It has just received an inquiry from a prospective client about its prices for educational seminars for the prospective clients...

A prospective client informs you that all officers and employees of the company are bonded, and he requests that under these circumstances you forgo a consideration of internal control in order to...

The executive education (EE) unit at the Business School of Central State University offers both open-enrollment (anyone can sign up) and custom (designed for a specific client) executive education...

1.You work for a metal fabrication company that has a trustworthy system for anonymously reporting accounting improprieties within the company. It has a clear policy that favors internal reporting....

Up, Up, and Away! Event Planning and Production in Las Vegas Cheri A. Young, University of Denver Daniel E. Nelson, The International School of Hospitality Kathleen S. Nelson, University of Nevada...

If the auditor determines that internal controls are not functioning as designed, and a compensating control does not exist, the auditor will assess control risk and the risk of material misstatement...

Before accepting a new audit engagement, an accounting firm is required to speak with the predecessor accountant. Which of the following is best reason why the current ear accounting firm speaks with...

If a prospective new audit client does not allow the auditor to contact its existing auditor: the auditor should respect the prospective client's right to privacy. the auditor should consider...

PeopleFirst Inc. provides software applications for clients to perform payroll, employee benefits, and other Human Resourcing ( HR ) functions, thereby saving their clients time and money. Laura, a...

A recently certified accountant tells you that they have a prospective new client. The client is well-respected in the community and taking on the client could prove to be a significant boost for...

Describe the major elements and issues with iterative development.

Appliance Sales Corporation sells all types of appliances. In addition, it offers purchasers of its appliances the option of purchasing repair contracts. During the current year, Appliance estimates...

Consider Review Exercise 8.56. Comment on any outliers in the data.

2. Determine the overbooking strategy for a service that minimizes expected loss.

1. What factors contribute to a firm engaging in sexual discrimination? 2. What factors should the board of directors consider if there is an internal complaint of sex discrimination on the basis of...

1. Was the verdict fair? 2. Will this verdict cause other companies to review for and remedy any systematic discrimination uncovered? 3. How should systemic discrimination be prevented? 4. Were the...

1. Is it legal, moral or ethical for South Africa to override AIDS medication patents? 2. Is it legal, moral or ethical for drug patent holders to resist? 3. If you were a senior executive in an...

Report Explanation about the reasons to select the stocks Description about the timing Remarks or implications HISTORY SYMBOL ACAD ABTX AAPL ABTX ABTX AAPL ACAD ABTX ABTX ACAD Prev Page PENDING...

5-5 You plan to buy a new car. The price is $30,000 and you will make a down payment of $4,000. Your annual interest rate is 10% and you intend to pay for the car over five years. What will be your...

A one-year European call option on ABX corporation with a strike price of $50 is currently trading for $1.45, and a one-year European put option on ABX with the same strike price is currently trading...