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| Spinner, CPA, had audited Lasco Corp.’s financial statements for the past several years. Prior to the current year’s engagement, a disagreement arose that caused Lasco to change auditing firms. Lasco has demanded that Spinnner provide Lasco with Spinner’s working papers so that Lasco may show them to prospective auditors to help them prepare their bids for Lasco’s audit engagement. Spinner refused and Lasco commenced litigation. Under the ethical standards of the profession, will Spinner be successful in refusing to turn over the working papers? A. No, because Lasco has a legitimate business reason for demanding that Spinner surrender the working papers. B. Yes, because Lasco is required to direct prospective auditors to contact Spinner to make arrangements to view the working papers in Spinner’s office. C. No, because it was Lasco’s financial statements that were audited. D. Yes, because Spinner is the owner of the working papers. |