Question: Which statement best explains why the SEC has concerns about the independence of an audit firm that derives a significant portion of its total revenues
Which statement best explains why the SEC has concerns about the independence of an audit firm that derives a significant portion of its total revenues from a single audit client? the firm overly skeptical about the client financial statement. the firm heavly depent the fee guaranteed by the client. the firm act as manement or employee. have a conflict interest with the client
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