Lil is on her firm's audit team for MNO Corporation. She receives notice that her rich aunt Sephora has died and left her stock in MNO. The will is in probate and probably will be for a few months. Which of the following steps are not steps that Lil should take to preserve independence?
Dispose of the shares within 30 days of gaining the right to do so.
Not purchase more MNO shares.
Resign immediately from her firm and hope to be rehired in the following year.
Not participate in the engagement after learning of the interest and before disposing of it.
To preserve independence Lil should not Resign immediately from her firm and hope to be rehired in the following year.
Lil is on her firm's audit team for MNO Corporation. She receives notice that her rich aunt Sephora has died and lef...