• Alvin Adams, a partner in Minneapolis owns 100 shares of Aweb stock. The investment is immaterial to Alvin and he will not work on the engagement. If Adams retain his investment, does it impair the firms independence.
• Carla Clark is a manager in the Duluth office; her father works as a sales agent for Aweb. Carla will not work on the engagement. Does the Code Wellsley and Associates to audit Aweb if father and daughter retain their positions.
• If the firm obtains this engagement, can Sandra publicly disclose the fact that the firm audits Aweb?
• This potential client contacted Singer as the result of an advertisement suggesting that Wellsley and Associates audits a number of high tech companies, which it does. She understands that advertising is generally acceptable but realizes there are some constraints. What constraints on advertising are included in the Code?