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During much of the 19th century in Great Britain, independent auditors were not only allowed to have an equity interest in their clients but were required to invest in their clients in certains circumstances. Discuss the rationale likely underlying that rule. Would such a rule "make sense" in today's business environment in the United States? Defend your answer.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M937629

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