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 require in this situation?

Answer rating: 100% (QA)

the AICPA American Institute of Certified Public Accountants Code of Professional Conduct requires ... View the full answer