Management Assertions Based on the following summaries of a real-life corporate fraud, determine which management assertion was violated. Answers may be used more than once or not at all. You should only respond with one assertion per scenario.

An audit of the financial statements of Camden Corporation is being conducted by an external auditor. The external auditor is expected to

A person who is easily influenced and does not express their own needs is demonstrating:

What is an important guideline for asserting oneself?

How do men typically communicate compared to women?

What type of communication is characterized by making needs and desires clear?

Boris Newman is being audited by the IRS for a transaction he entered into which resulted in a refund in excess of $2.5 million. Boris is seeking Appeals consideration. Can Boris have his case heard by Appeals?

In 2017, Jun Yi was the sole owner and operator of AdvantageTech, Inc., an S Corporation located in Dallas, TX. A few years later AdvantageTech was insolvent and entered into voluntary bankruptcy proceedings in June of 2023. At that time, Yi relinquished his interest in AdvantageTech and turned over all of his books and records to the United States Trustee overseeing the bankruptcy case. Simultaneously, the IRS began examining AdvantageTech related to its tax return filings for taxable years 2019-2022. During the exam, Revenue Agent Augustus Martin received a request from Yi for AdvantageTech’s tax returns for taxable years 2019 and 2020. Revenue Agent Martin agreed and transmitted the tax returns via secured mail to Yi. Did Revenue Agent Martin violate IRC § 6103 when it turned over the returns to Yi?

Thomas Chen is a resident of Connecticut. In his hometown of Glastonbury, Chen opened a coffee shop along Main Street where he specializes in serving and roasting coffee from the northern region of Columbia. While Chen’s coffee shop has been quite lucrative, he was recently audited by the IRS. During the audit, the IRS challenged several items on Schedule C of his timely-filed Form 1040 for taxable year 2020. Chen filed his return for taxable year 2020 on April 11, 2021, and the audit commenced on February 1, 2022. The revenue agent issued an RAR on October 5, 2021, and a statutory notice of deficiency on December 22, 2021. If Chen wants to legally challenge the deficiency asserted by the IRS, he can file a claim in the:

Ulysses Thomas was audited by the IRS in 2022. During the audit, Ulysses filed a formal written protest challenging the IRS’s position and requesting Appeals consideration. Ulysses’ case was heard by Appeals, but Appeals found that the IRS’s determinations were correct and that there were no hazards of litigation to justify settling in favor of the taxpayer. A statutory notice of deficiency was issued, and Ulysses immediately petitioned the Tax Court. Ulysses now wishes to have his case heard by the Independent Office of Appeals. Is Ulysses entitled to Appeals consideration?