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Lotus was assigned to perform a review on the financial statements of Arsenia Company. Upon receiving the assignment, Lotus was delighted as the CEO of
Lotus was assigned to perform a review on the financial statements of Arsenia Company. Upon receiving the assignment, Lotus was delighted as the CEO of Arsenia is a close family member. However, Lotus was unsure whether or not Lotus is allowed to perform this engagement because of a possible threat to independence. Sthould Lotus be allowed to review the financial statements of Arsenia Company?
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