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24. On May 20, 2014, the SEC settled an investigation of James T. Adams, the former chief risk officer at Deloitte, for causing violations of
24. On May 20, 2014, the SEC settled an investigation of James T. Adams, the former chief risk officer at Deloitte, for causing violations of the auditor independence rules. It seems that Adams accepted tens of thousands of casino markers while he was the advisory partner on a Deloitte casino gaming client. Review the facts of the case and explain how Adamss actions compromised his independence under the AICPA code.
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