Based upon the below 4 situations – explain your position of “why” or “why not” the following circumstances would have violated the professions ethical standards when you are a practicing CPA?
– 1. Expressed an unmodified opinion on the current year’s financial statements when fees for the prior year’s audit were unpaid.
– 2. Recommended a controller’s position description with candidate specifications to an audit client.
– 3. Purchased a CPA firm’s practice of monthly write-ups for a percentage of fees to be received over a 3 year period.
– 4. Made arrangements with a financial institution to collect notes issued by a client in payment of fees due for the current year’s audit.
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