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 superior general 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 cadence 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 alliance. While Andrea was collecting data for the partnership return she came crosswise data that bothered her greatly. She discovered the partnerships Miscellaneous Revenue estimate actually consisted in general of expense reductions. She also spy that expenses had been blatantly lumped into the preceding year which resulted in a prodigious increase in net income for the current year. Andrea did not hea rt comfortable with this information and confronted Ed to reconcile these differences. At this meridian Ed lost his bodily fluid and became confrontational spewing badinage that she was not hired to audit numbers, his previous tax preparer had inquired to the highest degree 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 exceptional partners. This berth involves the misrepresentation of the financial statements provided for the return and whether Andre a should find out her findings to the limit! ed partners. The respectable pops of this case are protecting the creation stakes 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 stimulate 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, lay it on our website: OrderCustomPaper.com

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