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Ratha Gupta is a sole practitioner CPA. Ratha has a profitable audit client that operates a chain

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Ratha Gupta is a sole practitioner CPA. Ratha has a profitable audit client that operates a chain of hospitals in Arizona. This client also owns 65% of a hematology testing laboratory in Mexico. This client has offered to allow Ratha to purchase a 2% stake in that testing laboratory for $80,000. Will Ratha retain her independence to audit her current client, the hospital chain?
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Probably not A CPA generally may have a joint closely held ...View the full answer


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