You are a CPA who was appointed to serve as the trustee of a trust that owns

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You are a CPA who was appointed to serve as the trustee of a trust that owns stock issued by a publicly traded company. This company is one of your major audit clients. The trust owns $4 million of stock in your audit client, the trust's net worth is $50 million, and the total market value of the client company is over $1 billion. You have numerous duties as trustee, but the trust agreement clearly prohibits you from making investment decisions. Do you retain the independence to serve as the company's auditor?
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