1. If a CPA owns a mutual fund that has shares of their clients stock this is:

Direct financial interest Indirect Jointly held investment?

2. John is a third year at Company X and has been promoted to senior on the apple audit. He owns one share of the apple audit can he still work on this assignment? yes or no and why?

3. Which of the following rules in the AICPA professional code of conduce applies to all CPAs in public practice.