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You are the auditor for Q Company, and you also serve as the trustee of a trust that owns some shares of Q Company stock.
- You are the auditor for Q Company, and you also serve as the trustee of a trust that owns some shares of Q Company stock. According to trust documents, you are prohibited from making investment decisions for the trust. Furthermore, the trust owns a diversified portfolio of 100 stocks in large, publicly traded companies. No stock accounts for more than 2% of the trusts net worth. Does your position as trustee impair your independence to audit Q Company?
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