Question: SECTION ONE COMPREHENSIVE CASES 7. When a CPA firm has two audit clients that transact business with each other, wed to share information regarding their

SECTION ONE COMPREHENSIVE CASES 7. When a CPA firm has two

SECTION ONE COMPREHENSIVE CASES 7. When a CPA firm has two audit clients that transact business with each other, wed to share information regarding their clients, since such sharing of data might result in the auditors' obtaining a more accurate picture of each client's financial condition? Discuss the advantages and disadvantages of amending the client confidentiality rule to allow communica- tion between audit teams under such circumstances

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