If he chooses to disclose information to Bill, he is affecting his confidentiality of his tax client, Jack. Not only will he be disclosing information to a friend, but Bill has material interest in Jack’s shares which is in violation of the AICPA independence rule. He will also be disclosing confidential information to the client (Oneway Corporation) employee who is denied access to the information. If it is found that Jon has released confidential information to outsiders without his client’s permission he will face major consequences going against the
If he chooses to disclose information to Bill, he is affecting his confidentiality of his tax client, Jack. Not only will he be disclosing information to a friend, but Bill has material interest in Jack’s shares which is in violation of the AICPA independence rule. He will also be disclosing confidential information to the client (Oneway Corporation) employee who is denied access to the information. If it is found that Jon has released confidential information to outsiders without his client’s permission he will face major consequences going against the