A junior CPA at Horwatharama,CPAs currently is working as an audit team member on the audit of General Molecular.This CPA is about to search for a different position of employment.
a. If this individual is thinking about applying for employment at General Molecular, what are his professional duties and when do they commence?
b. You are a friend of this junior CPA and you know that he is about to apply for employment at General Molecular. You also know that he does not intend to inform Horwatharama, CPAs until "the last minute, if at all." What duties do you have under the AICPA's Code of Professional Conduct? What actions, if any, would you take?
c. Once a CPA firm learns that an audit team member is pursuing employment with an audit client, what duties, if any, does it have?
d. If a junior CPA decides to pursue work at an audit client during the course of an audit, what kinds of costs will his decision impose on his CPA firm? Should he reimburse the firm for those costs?
Correct Answer:
Answered by Quizplus AI
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q18: A CPA recently was presented with the
Q19: In accordance with the Independence Rule,an ownership
Q20: A CPA firm has multiple locations in
Q21: A CPA firm is comprised of 100
Q22: A CPA does not own any stock
Q24: In the business world,sellers often sell goods
Q25: Cyndi's husband Larry works as a cashier
Q26: What are some of the safeguards that
Q27: An auditor may not perform an audit
Q28: The term "safeguard," as it used in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents