Compare and contrast the different inventory cost flow assumptions.

1. Compare and contrast the different inventory cost flow assumptions. Explain the consequences that result from the use of alternative inventory cost flow assumptions2. Examine the role of professional ethics in conducting an audit. Select an ethical dilemma that may arise during an audit and discuss how you would resolve it. 3.Discuss auditor independence in the AICPA Code rules. Examine current safeguards available to reduce the risks of violating auditorDiscuss the CPA responsibility in reporting illegal acts as stated in the article below. Would the new rule reduce AICPA ethics violations? Support your conclusion.“Ethics rule will require CPAs to discuss suspected illegal acts with clients”, located at: https://www.thetaxadviser.com/issues/2018/feb/ethics-rule-suspected-illegal-acts-clients.html independence.3.