Question: The SEC independence rules include fundamental principles indicating situations that an audit firm must avoid when considering a relationship or service with an audit client.
The SEC independence rules include fundamental principles indicating situations that an audit firm must avoid when considering a relationship or service with an audit client. Which option is not the subject of a fundamental principle in the SEC independence rules?
Having a mutual or conflicting interest with the client. Being an advocate for the client. Auditing one's own work. Having significant overdue fees.
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