Essay about Ethics

1576 Words Jan 29th, 2016 7 Pages
Action | respondents name | date of action | rule and/or act violation | violation | outcome | No.AC-2012-31 | Abernathy, Sterling Blair | 9/1/2012 | Section 5063 of the Business and Professions Code | failure to report investigation | Surrender of CPA certificate | No. AC-2007-10 | Abreu, John D. | 4/29/2007 | Business and Professions Code, Division 3, Chapter 1, §§ 5100 (c) and 5062. California Code of Regulations, Title 16, Division 1, § 58 | failure to perform audit | Revocation of CPA Certificate | No.AC-2007-20 | Baisden, Lowell A. | 1/8/2008 | Business and Professions Code, Division 3, Chapter 1, §§ 5100 (c), (i) and (j), and 5062. California Code of Regulations, Title 16, Division 1, § 58. | provide false tax advice | …show more content…
AC-2003-14 | Allan, Steven James | 8/29/2003 | Business and Professions Code, Division 3, Chapter 1, § 5100 (a). | convicted were three violations of wire fraud and two violations of false statements to accountants | Revocation of CPA Certificate | No. D1-94-25 | Allen, Robert W | 1/2/1998 | Business and Professions Code, Division 3, Chapter 1, § 5100. | unprofessional conduct in financial statements, engaging in the practice of public accountancy without a valid license | Revocation of CPA Certificate |
*All the information in the table above was taken from the California State Board of Accountants website.
For CBA Action 1, Mr. Abernathy negligently made false and misleading statements regarding IndyMac's capital and liquidity position in its common stock prospectus filed on May 2, 2008, and Mr. Abernathy also failed to report his investigation by the SEC to the California Board of Accountancy within 30 days of notice, as required by Section 5063 of the Business and Professions Code. Baisden, Lowell A was a respondent that provided false tax advice, created a sham corporation, and prepared fraudulent income tax returns. As a certified public accountant, Mr. Abernathy and Mr. Baisden both lacked trustworthy and responsibility, two of the six pillars of characters based on Josephson’s Institute of ethics. He was not integrity and failed to report his investigation by the SEC to the California Board

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