Find a recent cpa case where the member was expelled

Assignment Help Accounting Basics
Reference no: EM13912107

In 2014 there were 724 disciplinary cases opened and 113 CPA's expelled from the profession by the AICPA and State boards, compared to 90 in 2013. Besides breaking the CPA ethics rules, a CPA can get lose their license for a certain period of time (suspended) or permanently (expelled) due to many acts including committing a felony or misdemeanor (in some cases) that is totally unrelated to their profession like a weapons charge or felony DUI (felon's are not permitted to hold a CPA). CPA's can also be suspended for not meeting their continuing professional education (CPE) requirements, not paying their bi-annual license fee on time (requires formal reinstatement),

In addition, some States have tiered CPA's where they can be certified or licensed, or both and while they may lose their license they can still be certified. However, as we read in the Week 4 Introduction, the most common reason for a CPA to get into ethical or professional trouble is when they forget that even if they are now in private business (working for a company) and not in public business (working for a CPA firm) that they are still held accountable for the ethical and professional standards of the profession - particularly if they sign their name with the CPA designation.

1. Find a recent CPA case where the member was expelled (it's public information) and discuss the reasons why the member got in trouble.

2. Discuss if a CPA should be held to the same standard when not in public practice.

Reference no: EM13912107

Questions Cloud

What is the aicpa process for issuing a new standard : Does the PCAOB actually follow the FASB standard setting procedure? ie. do they create standards?, or are all the standards created by FASB and approved by PCAOB? how do they work together?
Record transactions and calculate financial statement : Record transactions and calculate financial statement amounts.
Uncollectible accounts expense recognized : On January 1, 2014 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $42,500 and $625, respectively. The amount of uncollectible accounts expense recognized in the 2014 income statement will be.
Describe the distribution of revenue growth rates : The following are the revenue growth rates for 30 fast-growing companies. Develop a dot plot for these data and describe the distribution of revenue growth rates.
Find a recent cpa case where the member was expelled : Find a recent CPA case where the member was expelled (it's public information) and discuss the reasons why the member got in trouble.
Calculate the rate of change of tumor volume : The following formula accurately models the relationship between the size of a certain type of a tumor and the amount of time that it has been growing: V(t)=400(1-e^ -.0024t)^3, where t is in months and V(t) is measured in cubic cintimeters. Calcu..
List eight key activities performance : Choose a company in any of the following categories: airline, florist, bookstore, bank, grocery store, restaurant, college, retail clothing shop, movie theatre, or lawn service.Describe the company selected, including its products or services.
Describe the distribution of home run totals : The yearly home run totals for Babe Ruth during his career as a New York Yanke. Construct a dot plot for these data and then describe the distribution of home run totals.
Determine maintained proper custody of investment securities : Consider the charges brought against the BLMIS auditor, David Friehling, regarding his failure to complete certain audit steps. If you were auditing BLMIS, what type of evidence would you like to review to determine whether BLMIS had purchased

Reviews

Write a Review

Accounting Basics Questions & Answers

  The meat market has 747000 in sales the profit margin is

the meat market has 747000 in sales. the profit margin is 4.1 percent and the firm has 7500 shares of stock

  Pinnini co uses a predetermined overhead rate based on

pinnini co. uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs.

  Computation of bond liability

Messier Inc. manufactures cycling equipment. Recently the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes.

  Budgeted contribution margin per carabiner

What was the budgeted contribution margin per carabiner? What was the actual contribution margin per carabiner?

  Georgia custom cabinet company is setting standard costs

georgia custom cabinet company is setting standard costs for one of its products. the main material is cedar wood sold

  The lessor use in determining its lease receivable

1.What discount rate does the lessor use in determining its lease receivable? How is the rate determined?

  The accounting profession has adopted a modified

According to your text, the accounting profession has adopted a modified all-inclusive concept to income reporting. Using this approach companies report unusual or irregular items as a part of net income. What are these items and they are they ..

  Case study -narda corporation agreed to sell all of its

case study -narda corporation agreed to sell all of its capital stock to effie corporation for three monthly payments

  Compounding interest-amount of payments

The first payment will be due in 6 months, the second in 18 months and the third in 30 months. What is the size of these payments if money is worth 10% compounded quarterly and a focal date of 18 months is used for evaluation purposes?

  Budgeted change in inventory levels

What is the budgeted change in inventory levels over the month of December?

  Company makes two products from a joint production process

company makes two products from a joint production process. each product may be sold at the split-off point or

  Special termination benefits

On November 1, Prince Vacuum Company offered special early retirement benefits to those employees who were eligible. This program was in effect until year-end. Prince should recognize a liability and an expense related to these special termination..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd