Suppose you and a close friend are employed by the same accounting firm. You are assigned to the firms audit staff, while your friend is a consultant who works on M&A engagements. What would you do under the following circumstances: (1) your friend discloses to you highly confidential market-moving information regarding a soon-to-be announced merger; (2) your friend not only discloses such information to you but also informs you that he plans to use it to make a quick profit in the stock market? In your responses, comment on your ethical responsibilities in each scenario