Which of the following best describes the effect of a contingent fee arrangement on the...
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Accounting
Which of the following best describes the effect of a contingent fee arrangement on the auditor's independence? The contingent lee arrangement does not impair independence if it is consistent with the regisfered public accounting firm? quality control policies The contingent fee arrangement impairs independence. The contingent fee arrangement does not impair independence uniess more than half of the fee is subject to contingencies The contingent lee arrangement impairs independence unless approved by the client's audit committee
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