SWFT Corp Partner Estates Trusts
42nd Edition
ISBN: 9780357161548
Author: Raabe
Publisher: Cengage
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If you receive a subpoena from a court for your client’s private information, what should you do?
Group of answer choices
A. Nothing, Accountant-Client Priviledge is well established law
B. Report the Judge to the bar
C. Comply with the subpoena, because there is no such thing as Accountant-Client Privilege
D. Consult with an attorney, as Accountant-Client Privilege is determined on a state-by-state basis
Create a hypothetical ethics case then describe the guidance that applies to the issue. The simplest was to complete this assignment is to use any ethical dilemma that you may have encountered in professional practice or review the AICPA Code of Conduct or the IRS Circular 230 then inventing an ethical situation based on one of these sources. Also, you can use news stories, any disciplinary actions on state CPA websites. After you describe the situation in a case format, then search and locate the ethics guidance that addresses the issue.
Use this format:
1. What inspired this case idea?
2. Describe the situation in case format
3. Outline the applicable guidance and how it should be applied to this issue
After the Madoff case, the SEC instituted a number of reforms to its operations. Please visit the SEC’s website (www.sec.gov) and search for Post-Madoff reforms. Next, please identify the two reforms that you believe will have the best chance of catching a criminal like Madoff. Make sure to provide justification for your choices.
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