ACC 5400 Study Guide - Quiz Guide: Professional Responsibility, Financial Statement
18 Sep 2018
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Tom sutherland knowingly violated the following principles of professional conduct: integrity, objectivity, and independence. Gary johnson knowingly violated the following principles of professional conduct: responsibility, integrity, and public interest. In addition, jennifer violated the following principles: due care and responsibility. Tom sutherland violated the principle of independence because sam jones is both a member of the audit committee and a former colleague of tom"s. There is a conflict of interest because tom and sam have a prior relationship. Also, due to this prior relationship tom cannot, be independent in fact and appearance when providing auditing and other attestation services. (. 300. 050. 01) The client was in the oil and gas industry but tom and gary had never worked in oil and gas industry. Therefore, tom and gary weren"t competent to audit an industry they had no experience in and both of them violated due care.
