1. Jennifer is fairly proficient with computers. She set up her home network just by watching a few YouTube videos. She is a CPA working as an auditor for a national audit firm. One of her clients ran into a problem with their computer system network while Jennifer was there performing the annual audit. Jennifer identified a possible problem and stayed late that night to fix the client's netwrok. The client thanked Jennifer for her help and the audit proceeded as normal.

Do you think that Jennifer violated the Rules of Professional Conduct? Explain.

2.John Brown is a PA, but not a partner, with three years of professional experience with Lyle and Lyle, Public Accountants, a one-office public accounting firm. He owns 25 shares of stock in an audit client of the firm, but he does not take part in the audit of the client and the amount of stock is not material in relation to his total wealth.

Is there a threat to John's independence?

If so, what is the nature of the threat?

Do you think John will have violated the Rules of Professional Conduct? Explain.

Answer rating: 100% (QA)

1 Jennifers actions could potentially violate the Rules of Professional Conduct As a CPA working for ... View the full answer