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Business, 31.12.2019 03:31 IIHarmonyII

For each of the situations listed, identify which of three principles (integrity, objectivity and independence, or due care) from the aicpa code of professional conduct is violated. assume all persons listed in the situations are members of the aicpa (note: refer to the aicpa code of professional conduct) select the principle from the aicpa code of professional conduct that is violated for each of the situations a. drew purposely excludes a large amount of accrued salaries payable from this years financial statements so his company's debt-to-equity ratio appears lower to investors. b. abbey's company determines year-end bonuses based on revenue growth. abbey records the sales of gift cards during this month as revenue rather than as unearned revenue. none of these gift cards have been used by customers as of the end of the current month. by recording the gift card sales as revenue in the current period, revenue will be higher and abbey's bonus will, as a result, be higher as well. manager at the payroll company john does not attend training on the new revenue recognition standard because he is busy dealing with the accounting impact of a merger c. debbie, a cpa, is an associate at a regional public accounting firm. debbie's firm is auditing a local payroll company. debbie does not disclose that her husband is a d. a new revenue recognition standard has been issued by the financial accounting standards board (fasb) and the international accounting standards board (iasb)

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