For each of the following situations, (1) decide whether the Code of Ethics has been violated, and (2) briefly explain how the situation violates (or does not violate) the code.
-Saif Darwish is an audit manager with Bait Shai & Co., a one- office audit firm. Saif owns 100 shares of common stock in one of the firm's audit clients, but he does not provide any audit or nonaudit services to the company.Violation?
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