What effect does the stock investments of landry

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Question: Multi Investment Co.'s investment in Sherman Mfg. makes up 40% of Multi's annual earnings and 30% of their assets. Robert Landry has an opportunity to audit Multi and owns an immaterial amount of stock in Sherman's stock. Susan Cort owns an immaterial amount of Multi's stock and has an opportunity to audit Sherman.

What effect does the stock investments of Landry and Cort have on their independence with the prospective audit clients Multi Investment Co. and Sherman Mfg.?

Reference no: EM133433284

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