Apatutoronly Discussion board reply

Apatutoronly Discussion board reply

Directions: Please submit two replies of at least 200-250 words
each. Include two citations with each reply, and use APA formatting
for all citations.Scenario – Clara comes to an attorney’s office in need of
assistance with her husband’s estate. Her husband, Phil, a factory
worker, had been a saver all his life and owned approximately
$1,500,000 in stocks and bonds. Clara is relatively unsophisticated
in financial matters, so the attorney agrees to handle the estate
for 17 percent of the value of the estate. The normal charge for
such work is 3 to 5 percent of the estate. The widow agrees to the
17 percent arrangement. The attorney then hires CPA Charles for
$10,000 to compute Phil’s estate tax on Form 706 and to prepare
other appropriate documents.Under Circular 230, does Charles have any responsibility to
inform the widow that she is being significantly overcharged by the
attorney? Be sure to cite research that supports your position.
What potential ethics issues do you see in this situation? Which
AICPA Code(s) of Professional Conduct rules apply in this situation
(explain how and why they apply)? Cite the specific verse(s) for at
least one Biblical principle that you feel is relevant to the
situation (explain how and why it applies).

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