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A small CPA firm provides audit services to a large local company. Almost eighty percent of the CPA firm's revenues come from this client. Which
A small CPA firm provides audit services to a large local company. Almost eighty percent of the CPA firm's revenues come from
this client. Which statement is most likely to be true?
Multiple Choice
The situation is specifically prohibited in the AICPA's Code of Conduct.
Appearance of independence may be lacking.
The small CPA firm does not have the proficiency to perform a larger audit.
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College Accounting A Practical Approach 1-15
Authors: Jeffrey Slater
4th Edition
013142050X, 978-0131420502
