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. A CPA in charge of the external audit received an unexpected inheritance that includes 100 shares of the audit client's common stock. Which of
. A CPA in charge of the external audit received an unexpected inheritance that includes 100 shares of the audit client's common stock. Which of the following actions should the CPA take to avoid violating independence rules? 1. Sell the stock. 2. Resign from the audit firm. 3. Petition the AICPA for an independence exception. 4. Decline to accept the inheritance
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