3. A violation of the code of ethics would most likely have occurred when a CPA a. Issued an unqualified opinion on the 2019 financial statements when fees for 2018 audit are still unpaid. b. Purchased a bookkeeping firm's practice of monthly write-ups for a percent- age of fees received over a 3-year period. c. Made arrangements with a bank to collect notes issued by a client in payment of his dues. d. Joined a firm made up of three non-CPA practitioners.
3. A violation of the code of ethics would most likely have occurred when a CPA a. Issued an unqualified opinion on the 2019 financial statements when fees for 2018 audit are still unpaid. b. Purchased a bookkeeping firm's practice of monthly write-ups for a percent- age of fees received over a 3-year period. c. Made arrangements with a bank to collect notes issued by a client in payment of his dues. d. Joined a firm made up of three non-CPA practitioners.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle.
Section: Chapter Questions
Problem 37RQSC
Related questions
Question
![3. A violation of the code of ethics would most likely have occurred when a CPA
a. Issued an unqualified opinion on the 2019 financial statements when fees
for 2018 audit are still unpaid.
b. Purchased a bookkeeping firm's practice of monthly write-ups for a percent-
age of fees received over a 3-year period.
c. Made arrangements with a bank to collect notes issued by a client in payment
of his dues.
d. Joined a firm made up of three non-CPA practitioners.
4. A violation of the code of ethics would least likely have occurred when a CPA in
public practice
a. Referred life insurance assignments to the CPA’s spouse who is a life
insurance agent.
b. Served simultaneously as a provincial board member and practice public
accounting in the same province.
c. Used a records retention agency to store the CPA's working papers and
client's records.
d. Served as an expert witness in a damage suit and received compensation
based on the amount awarded to the plaintiff.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa436899f-be20-4713-94fe-6cebb5db7a6e%2F8f4dd7e3-bf79-4324-b695-4b87fb7775ce%2Fr99rn5r_processed.png&w=3840&q=75)
Transcribed Image Text:3. A violation of the code of ethics would most likely have occurred when a CPA
a. Issued an unqualified opinion on the 2019 financial statements when fees
for 2018 audit are still unpaid.
b. Purchased a bookkeeping firm's practice of monthly write-ups for a percent-
age of fees received over a 3-year period.
c. Made arrangements with a bank to collect notes issued by a client in payment
of his dues.
d. Joined a firm made up of three non-CPA practitioners.
4. A violation of the code of ethics would least likely have occurred when a CPA in
public practice
a. Referred life insurance assignments to the CPA’s spouse who is a life
insurance agent.
b. Served simultaneously as a provincial board member and practice public
accounting in the same province.
c. Used a records retention agency to store the CPA's working papers and
client's records.
d. Served as an expert witness in a damage suit and received compensation
based on the amount awarded to the plaintiff.
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