Your firm is proposing on an engagement to help Company X (a tax client) consider whether to acquire Company Y, your former audit client. You have determined that a conflict of interest exists and that safeguards can be applied to reduce threats to an acceptable level. You are planning to discuss the matter with Company Y tomorrow. What action does the AICPA Code of Professional Conduct require in this situation? 1. You should require that Company Y's entire board of directors be physically present at the meeting. 2. You should ensure that you do not disclose any confidential client information to Company Y. 3. You should insist that Company X participate in the discussion with Company Y. 4. You should threaten to file a lawsuit against company y if they do not consent to your providing services to Company X