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CPA Yolanda is the Best & Co engagement partner on the Casa Construction Company ( CCC ) audit supervised from the Santa Fe office of
CPA Yolanda is the Best & Co engagement partner on the Casa Construction Company CCC audit supervised from the Santa Fe office of the firm. Yolanda owns shares of CCCYesb. CPA Yolanda sold the CCC shares to CPA Javier, who is another partner in the Santa Fe office but who is not involved in the CCC audit.YesC. CPA Javier transferred ownership of the CCC shares to his wife.Yesd. CPA Javier's wife gave the shares to their yearold son.Yese. CPA Javier's son sold the shares to Javier's father.Nof. CPA Javier's father was happy to combine the CCC shares with shares he already owned because now he owns percent of CCC and can control many decisions of the board of directors.Yesg. CPA Javier's father declared personal bankruptcy and sold his CCC stock. CCC then hired him to fill the newly created position of director of financial reporting.When a CPA knows that a tax client has skimmed cash receipts and not reported the income in the federal income tax return but signs the return as a CPA who prepared the return, the CPA has violated which of the following AICPA Rules of Conduct?
Multiple Choice
The Independence Rule
The Integrity and Objectivity Rule
The Accounting Principles Rule
The Confidential Client Information Rule
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