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Beck CPA firm audits the financial statements for Mary Ann Enterprises. Beck CPA also prepares the entire GAAP financial stat

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Answer #1

Yes.

The following are the violation of code of professional conduct.

1. Preparing the GAAP fianancial statements and auditinng the same financial statements of Mary Ann enterprises.

This would indirectly result in a person reveiwing his own work, which would defeat the purpose of independent audit.

Thus there will be a violation of AICPA code of professional conduct in the given case.

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