Ellen is a client of the firm you work for as a paralegal. You and an attorney at the firm have been helping Ellen finalize her will and estate. After working with you closely for several weeks, Ellen decides she would like to leave you some money in her will as a “thank you” for working so hard
please address the following: Will you accept the money? Why or why not? (Reference all legal and ethical considerations that are a part of your decision.)
What will you say to Ellen regarding her gift? Be sure to be professional.
It is not ethical to accept the money as a return for one's service when it is given as informal gesture of gratitude. It is based upon the principle that one must not accept gifts or monetary means for the service other than what is provided in a formal manner by the organization or authority for the service . In this situation, it is necessary to explain to the client that their efforts is appreciated and that you acknowledge their token of gratitude. Explain how you do not intend to obtain any returns and was happy to help and provide the service.
Ellen is a client of the firm you work for as a paralegal. You and an...
For your discussion post this week, imagine you are working as an assistant in a small behavioral health office. Your supervisor has recently decided to begin counseling and assisting families and couples, in addition to working with individuals. You become concerned one day when you overhear your supervisor say “working with families, couples, and individuals is all the same! Once you know how to counsel individuals, assisting a family or a couple is no biggie.” In your initial post, please...
1. You are a paralegal in a law firm that represents a real estate developer. The developer has obtained a necessary driveway easement to her property. After the easement was obtained, it was discovered that the property over which the driveway is located had been earlier pledged as security for a debt to the First Bank and Trust. It also has been discovered that the First Bank and Trust debt is in default and that the First Bank and Trust...
3.60 Client Selection. You are a CPA in a regional public accounting firm that has 10 offices in three states. Mr. Shine has approached you with a request for an audit. He is president of Hitech Software and Games Inc., a five-year-old company that has recently grown to $500 million in sales and $200 million in total assets. Shine is thinking about going public with a $25 million issue of common stock, of which $10 million would be a secondary...
Auditing Related Party Transactions ABSTRACT As part of the risk assessment of a client firm, auditors are required to evaluate the risks of material misstatement associated with related party transactions. Related party transactions may be evaluated at a higher risk of material misstatement as they may not occur under normal market settings or they may be motivated by an intent to perpetrate fraud. This case presents information about the related party transactions and other facts surrounding the audit of a...
Auditing Related Party Transactions ABSTRACT As part of the risk assessment of a client firm, auditors are required to evaluate the risks of material misstatement associated with related party transactions. Related party transactions may be evaluated at a higher risk of material misstatement as they may not occur under normal market settings or they may be motivated by an intent to perpetrate fraud. This case presents information about the related party transactions and other facts surrounding the audit of a...
Using the scenario posted below: Summarize the key legal and ethical issues presented in the case, utilizing the ethical decision-making model from the course text, one of the readings included in the course, or another current peer-reviewed article from a professional counseling journal. Discuss how you would apply each step of the ethical decision-making model you have selected in order to respond effectively to these legal and ethical issues. Include specific examples to illustrate the actions you would take at...
Chapter 4 Professional Ethics Assignment For each of the two cases presented below, address the following: Indicate why the scenario is an ethical dilemma. Discuss the ethical issues involved, including all potentially affected parties. Identify the alternative actions available. Identify which action you would choose and the reasoning behind your decision. Indicate whether the situation is addressed in the AICPA Code of Professional Conduct. ere there is no clear guidance in the Code, apply the threats, significance, safeguards approach to...
You are currently working at a mid-sized certified public accounting firm. Your client is Bob Jones. Bob, age 60 and single, has recently retired from IBM. He has $690,000 available in his 401(k) fund and he is thinking of using that money to open a used car business that will be located at 210 Ocean View Drive in Pensacola, Florida. Bob has estimated that the business might make $300,000 in taxable income. Bob’s personal wealth including investments in land, stocks,...
You are currently working at a mid-sized certified public accounting firm. Your client is Bob Jones. Bob, age 60 and single, has recently retired from IBM. He has $690,000 available in his 401(k) fund and he is thinking of using that money to open a used car business that will be located at 210 Ocean View Drive in Pensacola, Florida. Bob has estimated that the business might make $300,000 in taxable income. Bob’s personal wealth including investments in land, stocks,...
You are currently working at a mid-sized certified public accounting firm. Your client is Bob Jones. Bob, age 60 and single, has recently retired from IBM. He has $690,000 available in his 401(k) fund and he is thinking of using that money to open a used car business that will be located at 210 Ocean View Drive in Pensacola, Florida. Bob has estimated that the business might make $300,000 in taxable income. Bob’s personal wealth including investments in land, stocks,...