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Majority shareholders and auditor have a lawsuit on-going due to the previous year's audit report. The client's CFO promised to acquire additional services from the
Majority shareholders and auditor have a lawsuit on-going due to the previous year's audit report. The client's CFO promised to acquire additional services from the accounting firm if the auditor ignores a highly important misstatement. How the given cases will affect auditor's independence, thus the fair presentation of financial statement presentation? (Minimum 150 words required)
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