GAF was approached by the AAA Airline to see if it would be interested in auditing AAA. GAF was open to the notion, but disclosed to AAA that it had long audited several other airline companies. AAA's audit committee said: "We know. Your expertise in the industry is exactly why we want to hire you." Is this a conflict of interest?

Answer rating: 100% (QA)

No the situation described where GAF a company with expertise in auditing airline companies was app... View the full answer