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1) Is a CPA Firm allowed to accept an engagement without having established the necessary expertise to oversee theaudit? Yes or no explain your answer.

1)Is a CPA Firm allowed to accept an engagement without having established the necessary expertise to oversee theaudit? Yes or no explain your answer.

2)Does a CPA firm face an independence problem in auditing the output of systems that the same firm designed and installed. Yes or no explain your answer.

3)Would it matter if the client is a publicly traded company. Yes or no explain your answer.

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