Hasna, an audit partner at a CPA firm, provided financial audit services as well as tax services
Question:
Hasna, an audit partner at a CPA firm, provided financial audit services as well as tax services to her audit client, ADBB Bank. ADBB Bank is a public held company. During the financial audit, Hasna discovered the client filed false tax submissions. Hasna mentioned this to her friend working at another audit firm over coffee at Starbucks one evening. As Hasna had to drive around between different branches of ADBB while working on the audit, Hasna’s car broke and she had to buy a new vehicle. She has taken up a loan provided by her client, ADBB Bank, for buying a vehicle. The loan was granted at the current interest rate charged to the public.
Required:
Discuss if Hasna violated the Code of Conduct – Rules of Conduct in the above case study. If any rule(s) violated, mention the rule(s) and justify your answer. Be complete and discuss all instances in which Hasna is not meeting the Code of Conduct (if any).
Expert Answer:
CPA Code of professional conduct CPA Code of professional conduct set forth the doctrine which leads ... View the full answer
