WGU D550 TASK 2: ANALYZING AUDITOR
RESPONSIBILITIES| LATEST UPDATE | WITH
COMPLETE SOLUTIONS
LEN1 Task 2: Analyzing Auditor Responsibilities
Benedict Banahene
Western Governors University
Ethics for Accountants — D550
February 4 2026
Ethical Violations and Recommended Actions Under the Texas
Board of Accountancy Rules of Professional Conduct
Introduction
Certified Public Accountants (CPAs) are required to uphold high ethical standards to protect the
public interest, ensure the reliability of financial reporting, and maintain trust in the accounting
profession. State-specific rules, including the Texas Board of Accountancy Rules of
Professional Conduct, enforce these responsibilities. This report evaluates ethical concerns
identified during the preliminary audit of Lone Star Athletic Wear, a publicly traded company
located in Austin, Texas. Based on the scenario, three ethical violations are identified,
supported by the applicable Texas Administrative Code provisions, along with recommended
corrective actions aligned with those rules.
RESPONSIBILITIES| LATEST UPDATE | WITH
COMPLETE SOLUTIONS
LEN1 Task 2: Analyzing Auditor Responsibilities
Benedict Banahene
Western Governors University
Ethics for Accountants — D550
February 4 2026
Ethical Violations and Recommended Actions Under the Texas
Board of Accountancy Rules of Professional Conduct
Introduction
Certified Public Accountants (CPAs) are required to uphold high ethical standards to protect the
public interest, ensure the reliability of financial reporting, and maintain trust in the accounting
profession. State-specific rules, including the Texas Board of Accountancy Rules of
Professional Conduct, enforce these responsibilities. This report evaluates ethical concerns
identified during the preliminary audit of Lone Star Athletic Wear, a publicly traded company
located in Austin, Texas. Based on the scenario, three ethical violations are identified,
supported by the applicable Texas Administrative Code provisions, along with recommended
corrective actions aligned with those rules.
