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 frequent partner of view 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 age 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 accounting actually consisted in general of expense reductions. She also observe that expenses had been blatantly lumped into the preceding year which resulted in a large increase in net income for the current year. Andrea did not incur comfortable with this information and confronted Ed to reconcile these differences. At this plosive Ed lost his bodily fluid and became confrontational spewing chaff that she was not hired to audit numbers, his previous tax preparer had inquired close to 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 express partners. This example involves the misrepresentation of the financial statements provided for the return and whether Andrea should find out her findings t o the limited partners. The respectable ed! it outs of this case are protecting the creation please 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 obligate 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, send it on our website: OrderCustomPaper.com

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