Sympatico accountants engages abc tax preparers to prepare routine tax returns during thebusy season. under the american institute of certified public accountants code, what shouldsympatico do prior to sharing its clients’ information with abc.

a. inform its tax clients that the firm may be using an outside service when providing professionalservices.
b. list a notice in the local newspaper that the firm may be using an outside service when providingprofessional services.
c. ask clients to sign a waiver limiting sympatico’s liability in the event abc makes errors insympatico’s tax returns.
d. sympatico would not be required to take any particular action in this situation.

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.