Ethical Reasoning 1
November 16, 2024
Maria is a partner in a medium-sized CPA practice. She and her firm are bidding on a consulting engagement with Western Construction Company. Before Maria and her firm can make the proposal to Western Construction, Maria’s husband, Robert, comes home to share some good news. Robert has just been offered his dream job as CFO of Western Construction. Maria is happy for her husband, but now she must consider the ethics of bidding on the consulting engagement. Upon searching the AICPA Code of Professional Conduct, Maria does not find a specific rule or ethics interpretation that addresses this circumstance, so she applies the conceptual framework. Q: What should Maria do and what is the likely outcome?
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