If an attest client were to be acquired by a company in which the firm has an

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If an attest client were to be acquired by a company in which the firm has an interest or relationship, would independence be compromised?

a. No, if the attest engagement is for periods prior to the acquisition.

b. No, if the relationship is disclosed.

c. Yes, because it is good for the acquirer to rotate its audit firm.

d. Yes, and the audit firm must resign.

Related Book For answer-question

Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Posted Date: Jan 12, 2024 05:20 AM

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If an attest client were to be acquired by a company in which the firm has an

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Principles of Auditing and Other Assurance Services

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