Question of Ethics You are an Accountant in public practice and during a routine
ID: 400308 • Letter: Q
Question
Question of EthicsYou are an Accountant in public practice and during a routine visit to one of your largest clients you observe that they have transferred a majority of their assets off-shore. This is nothing that they discussed with you prior, nor have they offered any explanation of their move.
What should you do? Question of Ethics
You are an Accountant in public practice and during a routine visit to one of your largest clients you observe that they have transferred a majority of their assets off-shore. This is nothing that they discussed with you prior, nor have they offered any explanation of their move.
What should you do? Question of Ethics
What should you do?
Explanation / Answer
As an accountant in public practice off shoring of assets is illegal but client should have a details of assets which they have transferred. As responsible authority I will submit a details of such client to my office. While doing this I must tell them to present the source of that assets which transferred.