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Acct 4304 Experience Tradition/tutorialoutletdotcom

FOR MORE CLASSES VISIT www.tutorialoutlet.com Discuss why it is necessary to go through a comprehensive client acceptance procedure rather than simply accept every client that asks you to do an audit for them. (3pts) As indicated in the case, one of the partners in another office has invested in a venture capital fund that owns shares of Modern Appliances common stock. Would this situation constitute a violation of independence according to the AICPA Code of Professional Conduct? Why or why not? (4pts)

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