A CPA provides services to two clients in the same industry.Both clients have been informed of this fact and have acknowledged their approval in writing.As a result:
A) The CPA nonetheless is violating professional standards concerning conflicts of interest
B) The duty of confidentiality has been waived and does not apply to the two accountant-client relationships mentioned
C) Must be careful to not share specific information learned from one client with the other client
D) Must be careful to not utilize general industry experience gained from serving one client to benefit the other client

Question

Quizplus · Accepted Answer

The CPA must ensure that confidential information from one client is not shared with the other, even if both clients are in the same industry and have acknowledged the CPA's dual service.

A CPA Provides Services to Two Clients in the Same