Question

Harris Fell, CPA and member of the AICPA, was engaged to audit the financial statements of Wilson Corporation. Fell had half-completed the audit when he had a dispute with the management of Wilson Corporation and was discharged. Hal Compton, CPA, was promptly engaged to replace Fell. Wilson Corporation did not compensate Fell for his work to date; therefore, Fell refused to allow Wilson Corporation’s management to examine his working papers. Some of the working papers consisted of adjusting journal entries and supporting analysis. Wilson Corporation’s management had no other source for this information. Did Fell violate the AICPA Code of Professional Conduct? Explain fully. Remember to complete all parts of the problems. Do not forget to show the necessary steps and explain how you attained that outcome.

Answer 1

After reading the ethics case, it's effortless to check that Fell used to be pushed aside and changed as an alternative rapidly as a result of a disagreement with administration. Wilson Co replaced him with Hal Compton, however, Fell had no longer been paid for the work he had carried out on the audit up to now. As a result of Fell's dismissal and Wilson Co. neglect in paying Fell for his work so far, they were not given access to Fell's bureaucracy in regards to the work he had performed because that he was once now not paid. I believe the Wilson Co wanted Fell's paperwork so that Compton would now not ought to start from scratch and begin where Fell left off, however, because Fell used to be now not paid the Wilson Co used to be now not allowed access to his forms. I believe that Fell is not conforming to the AICPA's Code of legitimate conduct. If Wilson Co had nonetheless now not paid Fell after a exact period of time then he could have taken the suitable actions to be paid for services rendered. Most businesses don't pay for offerings as quickly as a project is competed. A manufacturer has a specific amount of time to pay their invoice before it goes into default. Fell must have made his findings on hand to his alternative and the Wilson Co immediately as a show of professional and ethical courtesy.