Ethics Case: Unscrupulous Partner Accounting

Ethics Case: The Unscrupulous Partner The Unscrupulous Partner is a boldness involving Andrea, a tax partner at a local CPA firm, and Ed McDouglass, the customary partner of purview Views- a LLP that constructs, operates, and sells condominiums. As general partner, Ed acts as general animal trainer over Skyline Views and devotes 100% of his judgment of conviction into the LLP. For this, he is allowed a management fee of up to 2% of expenses and 10% component of the socio-economic classs wampum income if it exceeds $100,000. Ed has hired Andrea to do the tax render for the coalition. While Andrea was collecting data for the partnership return she came crosswise data that bothered her greatly. She discovered the partnerships Miscellaneous Revenue taradiddle actually consisted in general of expense reductions. She also detect that expenses had been blatantly lumped into the preceding year which resulted in a important increase in net income for the current year. Andrea did not thumb comfortable with this information and confronted Ed to reconcile these differences. At this gratuity Ed lost his bodily fluid and became confrontational spewing satire that she was not hired to audit numbers, his previous tax preparer had inquired round this, and had been fired as a result. Andrea persistent to resign as tax preparer for Skyline Views, LLP.

Ed didnt veneration but reminded her that he hired her and that she was not to speak to all of the modified partners. This event involves the misrepresentation of the financial statements provided for the return and whether Andrea should find out her findings to the limited partn! ers. The respectable gelds of this case are protecting the creation concern and maintaining Andreas integrity. The only individual involved in this good issue is Andrea. While Ed is a walking ethical dilemma, he is not a CPA and therefore, is not held to the like standards that Andrea is. Andrea is get to protecting the public interest, the public trust, and the financial eudaemonia of the public. As a CPA, she must...If you want to get a all-inclusive essay, rove it on our website: OrderCustomPaper.com

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