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What parties are affected by the audit and fee proposed

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Reference no: EM132836574

A Lady works in a public accounting firm hoping to eventually become a partner. A company invites her to bid to audit them. The company suggests a fee amount depending on their profit. The higher the profit the higher her firm will be paid.

Problem 1: What parties are affected by the audit and fee proposed?

Problem 2: What are the ethical factors?

Problem 3: Would you recommend she accepts fee arrangement?

Problem 4: What are the ethical considerations?

Reference no: EM132836574

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