I don’t understand this Accounting question and need help to study.
Requirements for Part 1 and 2:
Answer all questions to receive full credit. Be sure to support and explain your answers. Your writing should be a meaningful response (i.e., with analysis) to each of the questions are required.
1) Address each question in a separate paragraph. 2) Consider using “because” in your answer, because it responds to the “why” (or “explain”) I usually also ask, and it typically precedes an analysis supporting your conclusion.
Part One
After reading Case 4-1: KBC Solutions, post your answers to the following questions in the first Chapter 4 discussion forum. Be sure to support and explain your answers.
QUESTIONS:
1. Use the KPMG Professional Judgment Framework to critically evaluate the judgments made by Grace as the senior auditor in charge of the engagement.
2. Did Grace violate any rules of conduct in the AICPA Code? Explain.
3. Does Rick have any ethical obligations in this matter? Explain.
4. What should Rick do about signing off on the audit? Why?
Part two
After reading Case 4-2: Beauda Medical Center, post your answers to the following questions in the second Chapter 4 discussion forum. Be sure to support and explain your answers.
QUESTIONS:
1. Assume that both Popperson and Snow are CPAs. Do you think that Snow violated his confidentiality obligation under the AICPA Code by informing Popperson about the faulty equipment at CSM?
2. Apply the steps in Exhibit 4.3, Ethical Conflicts and Compliance with the Rules of Conduct, and analyze whether the relationships described in this case create a conflict of interests and, if so, what safeguards should be implemented to mitigate the threat now and in the future?
3. What, if anything, should the accounting firm do about the malfunctioning equipment at CSM?
4. What should the accounting firm do with respect to informing Beauda Medical Center about the equipment?
Part 3
Case 4-9: Eminent Domain
Write up Case 4-9: Eminent Domain by addressing each question at the end of the case. Refer to the writing rubric and Writing Business Memos documents to optimize your grades on case study write-ups.
All case study write-ups must:
*Be type written (12-point font, single-spaced, and one-inch margins) using standard business memo format.
*Not exceed two pages in length.
*Not include a cover sheet.
*Use appropriate English spelling and usage.
*Have serially numbered pages.
*Spell out numbers from one to ten, except when used with mathematical, statistical, scientific, or technical units and quantities (e.g., distances, weights, or measures). All other numbers are to be expressed numerically.
*Be organized, with appropriate headings and subheadings.
*Use citations that are easy to follow for all references
