Independent auditors requirement

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Reference no: EM1371720

During much of the 19th century in Great Britain, independent auditors were not only allowed to have an equity interest in their customers but were needed to invest in their clients in certains circumstances. Explain the rationale likely underlying that rule. Would such a rule "make sense" in today's business environment in the United States? Defend your answer.

Reference no: EM1371720

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