Accounting Discussion - Ethical Dilemmas and Auditor Independence

Accounting Discussion - Ethical Dilemmas and Auditor Independence

Question # 00772066 Posted By: dr.tony Updated on: 07/28/2020 12:13 PM Due on: 07/28/2020
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Accounting Discussion Post

"Ethical Dilemmas and Auditor Independence"

  • Examine the role of professional ethics in conducting an audit.  Select an ethical dilemma that may arise during an audit and discuss how you would resolve it.
  • Discuss auditor independence in the AICPA Code rules. Examine current safeguards available to reduce the risks of violating auditor independence.

 

"Ethics Rule and Illegal Acts"

  • Discuss the CPA responsibility in reporting illegal acts as stated in the article below. Would the new rule reduce AICPA ethics violations?  Support your conclusion.

“Ethics rule will require CPAs to discuss suspected illegal acts with clients”, located at: https://www.thetaxadviser.com/issues/2018/feb/ethics-rule-suspected-illegal-acts-clients.html

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