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The solution to that Problem can be unclear to several in the event the payment of audit fees due to the shopper would not elevate an independence problem, but there are lots of issues to think about that guidance shed gentle on when independence is probably going to become considered impaired. As a traditional rule, independence could perfectly be considered impaired along with function really should not be completed If your audit or non-audit aid into account would:
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For these factors we consider he is an excellent applicant to deliver on our board and serve as our Audit Committee Chairman.
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In 2002, Congress tasked the audit committee with overseeing the retention from the Firm’s impartial auditor and pre-approving all non-audit providers furnished by that neutral auditor to safeguard in opposition to impairment of auditor independence.
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