To participate in follow-up discussion, refer to the AICPA Code of Professional Conduct and summarize an item that is considered an act discreditable and compare your findings to that of a classmate.

Doolittle LLP, a CPA firm, has been doing financial statement auditing for Honesty Corp. for the last 10 years. While auditing last year’s financial statements of Honesty, Doolittle finds out that Honesty has overstated assets by 12 percent and revenues by 19 percent to make up for the huge losses it incurred. When Doolittle informed the management of Honesty about this illegal act, Honesty’s management threatened to cancel Doolittle’s contract with Honesty and demanded back the corporate records and working papers from Doolittle. Should Doolittle give them back? Who owns them? Who has right of access to them? If Doolittle is forced by Honesty to destroy those papers, under which act can Doolittle be punished? Does the AICPA Code of Professional Conduct address this type of situation? If so, identify and provide a summary of that portion of the AICPA Code of Professional Conduct.

Your initial post should include evidence that supports your decision.

Don't use plagiarized sources. Get Your Custom Essay on
To participate in follow-up discussion, refer to the AICPA Code of Professional Conduct and summarize an item that is considered an act discreditable and compare your findings to that of a classmate.
Just from $8 /Page 0r 300 words
Order Now

To participate in follow-up discussion, refer to the AICPA Code of Professional Conduct and summarize an item that is considered an act discreditable and compare your findings to that of a classmate.

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

Looking for a similar assignment? Get help from our qualified experts!

Order Now