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In: AccountingFor the following situation, state whether the CPA has violatedthe CHARTERED PROFESSIONAL ACCOUNTANTS OF ONTARIO...For the following situation, state whether the CPA has violatedthe CHARTERED PROFESSIONAL ACCOUNTANTS OF ONTARIO ProfessionalRules of Conduct and/or Independence Standard, and explain yourreasoning.a. Emily, CPA, owns a material amount of units in a mutual fundthat owns stock in Emily’s largest audit client. Reading the mutualfund’s most recent financial report, Emily learned that the mutualfund significantly increased its holdings in her client.thank you
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