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Assume that a CPA has just received a new audit client. The client will be the firms largest audit client, and the firm will have

Assume that a CPA has just received a new audit client. The client will be the firms largest audit client, and the firm will have to hire one new staff member to staff the engagement. The fees will represent 25% of the firm revenues. Apply the conceptual framework for members in public practice to this situation.

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