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'7) Given the severity of the fraudulent account activity and KPMG's prior knowledge of the incident, we believe shareholders may question whether KPMG is adequately

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'7) "Given the severity of the fraudulent account activity and KPMG's prior knowledge of the incident, we believe shareholders may question whether KPMG is adequately ensuring the integrity and transparency of financial information," said advisory firm Glass Lewis, recommending a vote against reappointing KPMG, the auditor since 1931 (Roberts 2018). In the European Union, every 10 years a public company must engage a new CPA firm, to enhance auditor independence. The PCAOB has no such rule. Should the PCAOB have such a rule? Provide your reasoning

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