Question
A CPA serves two clients in the same industry. One of these clients has an email address called steelcompany@gcom, and the other client has an
A CPA serves two clients in the same industry. One of these clients has an email address called steelcompany@gcom, and the other client has an email address called steelco@g com .By mistake, this CPA firm just emailed the tax return prepared for one of these clients to the other client.
a. Did the CPA violate professional standards by providing professional services to two clients in the same industry?
b. Did it violate any professional standards?
c. Does the CPA firm have a duty to inform the IRS?
d. Does the CPA firm have a duty to inform the AICPA?
e. What actions, if any, should the CPA firm pursue?
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