¶ … Yost directly aware of the fact that counting different locations on the same day was not the best idea if accuracy was demanded. However, Yost shot down the idea of doing all locations on the same day and even went to so far as to sign off on the fact that doing all locations on the same day was not practical due to manpower/locational issues.
B) To defend themselves against the bank, the CPA firm could simply point to the details enumerated in the prior part of this question. Yost specifically and explicitly brought up the fact that doing counts on different days was less than wise. This was surely because even if no subterfuge was going on (and it was), it would give the appearance of impropriety, or at least bad procedure.
C) Yes, they would probably prevail. Yost specifically noticed and advised their client that they were unwise to do the counts on separate days and they asked for (and got) a waiver from the client by having them vouch in writing that the same-day counting method would not work. Since it is in writing, and not a verbal he said/she said proposition, Yost will almost certainly prevail.
D) No…it should not have any effect. There is a section in the law that specifically refers to deception and manipulation. However, Yost did not engage in subterfuge and they specifically found and brought forth the fact that separate inventories were not a wise idea. However, their client resisted and Yost instead had them sign...
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