Avis

Case 5

Avis Love, Staff Accountant.

1) No, it would have not been appropriate for Avis to substitute another store for Store 51 after she had discovered the cutoff errors in that store's accounting records because it would be unethical and would also put Avis's independence in to question.

2) The parties that would potentially be affected by the outcome of the ethical dilemma faced by Avis would have been the managers of the store and their families on one side and the owners and upper seniors would have been affected too. Avis had no obligation towards the managers and their family but she did have an obligation towards the CFO and the owners of the company as it was her job to find such errors and bring them to the CFO and the owner's attention so indirectly she had her jobs obligation to make the right decision.

3) The AICPA's professional code of conduct is a very straight forwards guideline that explains basically about how an auditor could violate its independence. The AICAP's professional code of conduct does not prohibit from developing friendships with client personnel but it does explain a limit and border to that friendship. Auditors can take any measures to prevent their friendships from interfering in their professional role. As per my view, currently studying for accounting and reading rules and regulations it already prepares me and makes me ready to accept that my professional job takes the first position over any other relation that comes attach to any assignment.