CODE OF ETHICS

• Question

  1. Contracted to audit a client with a direct investment.

  2. Contracted to audit fathers construcion company.

  3. Accepted CFO recomendation to reduce to 50 he 100 sample of invoices to be examined.

  4. Accepted audit of a financial institution with no experience on such engagement.

  5. Issued a clean opinion on statements prepared on a Cash Basis

  6. Revealed information from the working papers to a federal court on amone laundering case.

  7. Revealed information of the audit results to a colleague that is auditing the same type of engagement.

  8. Established fees dased upon a 10% of a loan application made by the client.

  9. Retained the clients bank statements.

  10. Accepted a referral fee for recomending the client to a potential customer.

• a. commissions and referral fees
• b. integrity and objectivity
• c. accounting principles
• d. acts discreditable
• e. no violation
• f. general standards
• g. contingent fees
• h. independence
• i. confidential client information