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The ethical concept of independence means that an accountant employed:

A. By a corporation cannot prepare financial statements for use by the company's bank.

B. By one company cannot work part-time for another company.

C. By an auditing firm cannot own any stock in the company being audited.

D. By one company cannot accept a job with another company in the same industry.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M941495

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