The chair of the board of Hughes Corporation proposed that

The chair of the board of Hughes Corporation proposed that the board hire as controller a PA who had been the manager on the corporation's audit performed by a firm of independent accountants. The chair thought that hiring this person would make the annual audit unnecessary and consequently save the company the fee paid to the auditors.
The chair proposed giving this new controller a full staff to conduct such investigations of accounting and operating data as necessary. Evaluate this proposal.

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