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Bill Jones is a partner with Adelson & Co., a one office CPA firm located in Tucson, Arizona. He is the engagement partner on the

Bill Jones is a partner with Adelson & Co., a one office CPA firm located in Tucson, Arizona. He is the engagement partner on the audit team of NRG, LTD, a public company and he has just discovered that his wife Sophia owns 100 shares of NRG, shares worth $10 each.

What effect, if any, does Sophias investment have on the independence of Bill and Adelson & Co.?

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