Accounting 403 Auditing I, CPA and non-CPAS, accounting homework help

User Generated

gobar1987

Business Finance

Description

Can a CPA firm that is controlled by non-CPAs have an ethical issue?  Explain.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Thank you for the opportunity to help you with your question!

An accounting firm with non-certified accountants suffers combined effects of a small labor pool and increasing growth opportunities for the business. While adding non-CPAs keeps payroll expenses low and allows you to service more customers, its downside is increasing ethical challenges. bylaws  require CPAs members to adhere to a code of ethics, this eliminates the ethics violations that non-CPA employees may commit.

Please let me know if you need any clarification. I'm always happy to answer your questions.


Anonymous
I was stuck on this subject and a friend recommended Studypool. I'm so glad I checked it out!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags