You learned during an audit that your client is in financial peril and may not survive another twelve months due to a huge loss. When you inform your client that you may have to issue a going concern opinion your client resists citing confidentiality concerns. You client indicates they may hold you accountable for any losses stemming from a going concern opinion.

 

Describe the issues and conflicting duties related to this situation, using the AICPA Code of Professional Conduct as your guide. Cite the relevant code section(s) when answering this question