goods . Vorst was indicted and Locke was validly subpoenaed to testify at the criminal trial . Vorst has claimed accountant-client privilege to prevent Locke from testifying .
Locke may be compelled to testify Question 10
( NOTE : This is a CPAexcel simulated Exam Question , not AICPA licensed Material )
Ron is a partner in the Houston office of KPMG . A partner in Ron ' s office is the lead partner on the team that audits Midstream Pipeline , which operates intrastate oil and gas pipelines , but Ron is not on the engagement team . Which of the following scenarios represents an independence violation of the AICPA Code of Conduct ?
Question 11
( NOTE : This is a CPAexcel simulated Exam Question , not AICPA licensed Material )
The CPA firm , where Joanna is currently a tax partner , is auditing Bubbles Corp . in Austin . Her mother , Teresa , has been working as a receptionist for Bubbles for the last 30 years . Her best friend since grade school , Maggie , is currently serving as CFO at Bubbles . Joanna knows that her brother , Jonathan , sank most of his savings into a purchase of 6 % of Bubbles outstanding stock , which he currently owns . Does Joanna have an independence issue ?
Question 12
An accountant may accept an engagement to apply agreed-upon procedures to prospective financial statements provided that
Question 13