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Would you recommend that Thorne accept this audit fee

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Reference no: EM132859122

Question - Tana Thorne works in a public accounting firm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to a bid to audit Allnet's financial statements. In discussing the audit fee, Allnet's management suggests a fee range in which the amount depends on the reported profit of Allnet. The higher its profit, the higher will be the audit fee paid to Thorne's firm. Would you recommend that Thorne accept this audit fee arrangement? Why or why not?

Reference no: EM132859122

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