For the following situation, state whether the CPA has violatedthe CHARTERED PROFESSIONAL ACCOUNTANTS OF...

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Accounting

For the following situation, state whether the CPA has violatedthe CHARTERED PROFESSIONAL ACCOUNTANTS OF ONTARIO ProfessionalRules of Conduct and/or Independence Standard, and explain yourreasoning.
1. Martha, CPA, has a practice with two departments. Onedepartment performs assurance services and the other performsbookkeeping services. One of her publicly accountable audit clientslost its controller and the bookkeeping department providedcontrollership services for 30 days while the company searched fora new controller. As this was an emergency, it was necessary forMartha’s firm to provide the service because it has an intimateknowledge of the client’s system.

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As per the Chartered Professional Accountants of Ontario Professional Rules of Conduct below rules needs to be considered A member or a firm shall not perform audit engagement for a reporting issuer or listed entity unless in emergency situations if it provides accounting or bookkeeping services related to accounting records or financial statements during the period covered by the financial statements subject to See Answer

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In: AccountingFor the following situation, state whether the CPA has violatedthe CHARTERED PROFESSIONAL ACCOUNTANTS OF ONTARIO...For the following situation, state whether the CPA has violatedthe CHARTERED PROFESSIONAL ACCOUNTANTS OF ONTARIO ProfessionalRules of Conduct and/or Independence Standard, and explain yourreasoning.1. Martha, CPA, has a practice with two departments. Onedepartment performs assurance services and the other performsbookkeeping services. One of her publicly accountable audit clientslost its controller and the bookkeeping department providedcontrollership services for 30 days while the company searched fora new controller. As this was an emergency, it was necessary forMartha’s firm to provide the service because it has an intimateknowledge of the client’s system.