In evaluating a firm's independence with respect to a prospective audit client, it is not necessary to consider whether acceptance of the client would result in any conflicts of interest with other clients.

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In evaluating a firm's independence with respect to a prospective audit client, it is necessary to consider whether acceptance of the client would result in any conflicts of interest with other clients, as conflicts of interest can compromise the firm's ability to perform an unbiased and objective audit.

In Evaluating a Firm's Independence with Respect to a Prospective