Staff accountant with the local cpa

Reference no: EM131125167

Ethical Issues. The following situation involves Kevin Smith, staff accountant with the local CPA firm of Hobb, Mary, and Khang (HM&K). The bookkeeper of Mirage Manufacturing Company resigned three months ago and has not yet been replaced. As a result, Mirage's transactions have not been recorded and the books are not up to date. Mirage must prepare interim financial statements to comply with terms of a loan agreement, but cannot do so until the books are posted. To help them with this matter, Mirage turns to HM&K, their independent auditors. Mirage wants Kevin Smith to update their books because Kevin had audited them last year.

Required :

A. Identify the ethical issues that are involved.

B. Discuss whether there has or has not been any violation of ethical conduct. (Written by Khang Tran, Mary Horton, and Hob Chen)

Reference no: EM131125167

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