Assignment
1- Identifies potential ethical issues that the new accountants may face.
2- "An accountant has agreed to be named as the executor of a client's will. The will provides that the accountant will receive a fee equal to 1% of the assets under management and will receive a fee equal to 5% of estate net income during the existence of the estate." Do you see any ethical conflicts of interest potentially arising out of this arrangement?
3- CPAs need to maintain integrity and objectivity, but in some roles independence is not necessary. Do you feel independence is necessary in the role of a fiduciary? How are conflicts of interest avoided as a fiduciary?