AC 410 help A Guide to career/Snaptutorial AC 410 help A Guide to career/Snaptutorial | Page 3

3-31
Ron Barber, CPA, is auditing the financial statements of DGF, Inc., a
publicly held company. During the course of the audit, Barber
discovered that DGF has been making illegal bribes to foreign
government officials to obtain business, and he reported the matter to
senior management and the board of directors of DGF.
Required:
If management and the board of directors take appropriate remedial
action, should Barber be required to report the matter outside the
company?
Describe Barber's appropriate response if management and the board
of directors fail to take appropriate remedial action.
3-43
Thomas Gilbert and Susan Bradley formed a professional corporation
called ―Financial Services Inc.—A Professional Corporation,‖ each
taking 50 percent of the authorized common stock. Gilbert is a CPA
and a member of the AICPA. Bradley is a CPCU (Chartered Property