After CLERP 9, audit firms are no longer able to practise as a sole proprietorship.
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Q9: The APES 110 independence principle is violated
Q10: A public accounting firm can remain as
Q11: Direct ownership in a client's business must
Q12: Unless the value is trivial and inconsequential,
Q13: The fundamental principle, integrity, requires a professional
Q15: Only covered members as defined by the
Q16: A covered member under the APES 110's
Q17: Under the APES 110 Code of Ethics
Q18: To meet the objective of independence in
Q19: The APES 110 may fine, suspend or
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