For each of the following cases indicate if the action by a member CPA is a violation of the AICPA Code of Professional Conduct and cite the relevant rule.
A. Disclosed client information to another CPA firm during the discussion of a merger of the two firms
B. Allowed a company to change the way it values inventory to a method that is not GAAP because following GAAP would be misleading
C. Had a new car loan from a bank that is a client when the bank holds the title to the car
D. Based a fee on approval of a bank loan dependent on audited financial statements
E. Did not comply with Government Auditing Standards on a government audit
Correct Answer:
Verified
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