Suppose an auditor is being paid $1,000,000 by the company to perform the audit. In...
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Accounting
Suppose an auditor is being paid $1,000,000 by the company to perform the audit. In addition, the company plans to pay the auditor $500,000 over the next year for business consulting advice and another $200,000 for preparing its tax returns. The auditor and management of the company have always shared a friendly relationship, which party explains the company's willingness to give the auditor additional work for $700,000.
How might an auditor's ethics be challenged while performing an audit?
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