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Question 4 One of the key questions raised by the facts of the Friars For Life case is should the client be allowed to determine

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4

One of the key questions raised by the facts of the Friars For Life case is

should the client be allowed to determine what appears in the financial statements?

should audit firms discuss their audit opinions with clients?

should audit firms develop tax shelter arrangements for wealthy clients?

should the client be able to record revenues from future scheduled transactions?

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