Is independence impaired when an auditor is hired, paid, and fired by the same corporate managers whose
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Is independence impaired when an auditor is hired, paid, and fired by the same corporate managers whose activities are the subject of the audit? Does it matter that in most companies the audit committee hires, evaluate, fires (if appropriate), and determines the fees of the external auditor with minimal input from senior management?
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The problem with auditors being hired paid and fired by the clients is that the paycheck from the cl...View the full answer
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Related Book For 
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259730191
4th edition
Authors: Steven Mintz, Roselyn Morris
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