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Auditors must not only appear to be independent; they must also be independent in fact. Required: Explain the concept of an auditors independence as it
- Auditors must not only appear to be independent; they must also be independent in fact.
Required:
- Explain the concept of an auditors independence as it applies to third-party reliance upon financial statements.
- What determines whether or not an auditor is independent in fact?
- What determines whether or not an auditor appears to be independent?
- Explain how an auditor may be independent in fact but not appear to be independent.
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