Roberto works for a mid-sized CPA firm and has been involved in audits of the firm's most
Question:
Roberto works for a mid-sized CPA firm and has been involved in audits of the firm's most important client for 3 years. He recently went on a Continuing Education Course that looked in detail at the AICPA Code. He has now become concerned that his team is not paying enough attention to possible conflicts of interest, and would like to somehow suggest that they would benefit from studying the Code. Write two paragraphs for each question:
a) How would you advise Roberto to make this suggestion? What should he say to make it?
clear that consideration of possible conflicts of interest is very important?
b) What pushback do you think he might get? How should he plan to counter the pushback?
Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge