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State whether the action or situation shows violation

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Question - Required - Knowledge of the rules of conduct and related interpretations on independence, integrity and objectivity will help you respond to the following cases. For each cases, state whether the action or situation shows violation of the Revised Code of Ethics for Professional Accountants, explain why, and cite the relevant rule and interpretation.

A. CPA Jay wife owns 20% of the common shares of Botany Corporation who wants Jay to perform assurance engagement audit for the calendar year ended December 31, 2016.

B. Jay wife gave her stock to their 10-year old daughter on July 1, 2016.

C. Jay's daughter, acting through an appropriate custodian, sold the stock to her grandfather on August 1, 2016. His purchase, as an accommodation, took one half of his retirement savings.

Reference no: EM132762928

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