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15. We learned in the Wells Fargo case that KPMG has been its auditor for many, many years. We also learned that every 10 years,
15. We learned in the Wells Fargo case that KPMG has been its auditor for many, many years. We also learned that every 10 years, a public company in the European Union is required to engage a new CPA firm to perform its audit. Some people urge the PCAOB to have a similar rule. Why do some people believe this would improve audit quality?
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