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4. Daniel Chan works as a managing partner at LogiMind, a National CPA firm. Daniel learned that his self- sufficient son has recently been
4. Daniel Chan works as a managing partner at LogiMind, a National CPA firm. Daniel learned that his self- sufficient son has recently been employed by one of their audit clients as the CFO. Explain how his son's employment at the audit client affects (i) Daniel's independence, (ii) his office, and (ii) his firm's independence. If independence is impaired, recommend different measures to safeguard such conflict of interest.
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