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1. Why must the auditor for a publicly traded company be independent from the company it audits? 2. Why is it so important that a

1. Why must the auditor for a publicly traded company be independent from the company it audits?

2. Why is it so important that a company has strong internal control procedures?

3. What information does the net realizable value of accounts receivable tell the user of the balance sheet?

4. How does the matching principle guide the recording of bad debt expense?

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