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What about the balance of power between the firm and client

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Problem 1: Regarding the Tata case, the first issue is that the firm did not support the partner who wrote the report. Do you think this is an isolated incident or one that could happen with ongoing frequency? Also, what about the balance of power between the firm and the client? Do you think the public accounting firm may lack independence because of economic dependence on the client? How important do you think the competitive environment was in influencing the players in this case?

Reference no: EM132945647

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