Financial interest in potential client

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Assume that you have been employed for approximately one year full-time on the auditing staff of DeLargett and Tasche, CPA's. The firm is considering a new audit client and needs to assess whether the firm is independent. You discover that your spouse participates in an employee benefit plan that has a financial interest in this potential client. Find the specific paragraph in the AICPA Code that addresses the conditions that must be met for the firm to be independent.

Reference no: EM133246896

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