Question: Which statement best explains why the SEC has concerns about the independence of a CPA firm that has a business relationship with its audit client?
Which statement best explains why the SEC has concerns about the independence of a CPA firm that has a business relationship with its audit client? The fitm may have a conflicting interest with the audit client. The firm may depend too heavily on audt fees generated by the clent The firm may be overy, skeptical about the clientrs financial position. The frim may have a muluality of interesso with the audit clinent
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