A CPA Provides Services to Two Clients in the Same

question 30

Multiple Choice

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

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Definitions:

Short-Term Inducement

Short-term inducement refers to marketing strategies designed to boost immediate sales of a product or service, often through discounts, promotions, or special offers.

IMC Campaign

Integrated Marketing Communications campaign, a strategic approach that integrates various promotional tools and channels to provide a consistent message across all platforms to enhance brand image and achieve marketing goals.

Arouse Interest

The step in marketing or communication where the audience's curiosity or attention towards a product or message is generated.

Hall Of Fans Sweepstakes

A promotional contest or lottery, often associated with sports or entertainment, where fans can win prizes or recognition.