Problem

Perry Pinkney, CPA, is one of the general partners in a partnership, which in turn investe...

Perry Pinkney, CPA, is one of the general partners in a partnership, which in turn invested 70 percent of its assets in the common stock of Pinkney’s audit client (Darby Corporation). According to the AICPA Code of Professional Conduct, Pinkney is considered to have

A. An indirect financial interest in Darby.

B. A direct financial interest in Darby.

C. No financial interest in Darby.

D. A partial financial interest in Darby.

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