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The Firm of McMaster and Martin, CA's Is Concerned That

Question 26

Multiple Choice

The firm of McMaster and Martin, CA's is concerned that its client's current corporate culture may have an impact on the firm's independence. What kinds of safeguards can the client introduce or create to reduce the threat to independence?


A) introduce appropriate corporate governance mechanisms such as the establishment of an audit committee
B) ensure that the responsibility for the appointment and removal of an auditor rests with independent directors on the audit committee or the board
C) both a and b
D) none of the above

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