Question
Rankin and Company, CPAs, has a sophisticated network-based computer server that supports the firm's technological systems and databases.Because of excess capacity available on the server,
Rankin and Company, CPAs, has a sophisticated network-based computer server that supports the firm's technological systems and databases.Because of excess capacity available on the server, the CPA firm agreed to maintain on its server accounting records for one of their non-public audit clients. State: The AICPA relevant rule or interpretation that applies to this scenario (Rule number and title);2) Whether there is a violation of the Code (yes or no); and 3) Your rationale in deciding whether there is a violation.
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