CPAs in public practice often find themselves facing challenging, if not troubling, ethical dilemmas. In this case, you have an opportunity to “step into the shoes” of Thomas Forehand, the owner of a small accounting firm. After spending several years working in a major metropolitan area, Forehand and his wife decided that they wanted a different lifestyle for themselves and their children. Unfortunately, a nationwide recession has cost Forehand many of his clients and forced him to lay off two of his six employees. Desperate for new clients, Forehand must decide whether to accept an unusual but lucrative engagement proposed by a new client who suddenly appeared in his office one day. Eventually, the client explains the true nature of the engagement. At this point, Forehand must decide what to do. In this case, you will play the role of Forehand and decide what you would have done had you been in his shoes.
Hard Times and Harder Choices: An Instructional Case Focusing on Ethical Responsibilities of CPAs in Public Practice
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Michael C. Knapp, Carol A. Knapp; Hard Times and Harder Choices: An Instructional Case Focusing on Ethical Responsibilities of CPAs in Public Practice. Issues in Accounting Education 1 November 2004; 19 (4): 529–538. doi: https://doi.org/10.2308/iace.2004.19.4.529
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