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Did a privity relationship exist between the two?

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Reference no: EM13866368

1. Describe the nature of the relationship between Szekelyi and Reznor. Did a privity relationship exist between the two? Why or why not?

2. What were Szekelyi ethical obligations to Reznor given the nature of the services provided? Which of the ethics standards in the AICPA Code should have been of particular concern to Szekelyi in performing professional services for Reznor?

3. During the course of working as the manager for Nine Inch Nails, John Malm mismanaged the band finances and was found guilty of those charges. Malm, who is a CPA, was not hired to perform any accounting services for Reznor or the band. Does that mean his actions are not enforceable under the AICPA Code of Professional Conduct? What about the fact that Malm is a licensed CPA. Would a state board of accountancy have any recourse with respect to Malm transgressions?

Reference no: EM13866368

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