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Jen identifies a conflict of interest while performing tax services and determines that safeguards can not reduce the threats to her compliance with the AICPA
Jen identifies a conflict of interest while performing tax services and determines that safeguards can not reduce the threats to her compliance with the AICPA code to an acceptable level. Given this situation, what does the Conflicts of Interest interpretation require Jen to do next?
- Complete the engagement as soon as possible.
- Terminate the engagement immediately.
- Disclose the matter to the appropriate parties.
- Disclose the conflict of interest in the tax return.
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