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Ethics & accountability · Balancing user vs business interest

During an audit you find a control deficiency that should be reported to the client's audit committee, but this client is your firm's largest fee and the partner is anxious about the relationship. How do you proceed?

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The audit exists to serve the users of the financial statements, not to protect a fee, and independence is the whole product — the moment we soften findings to keep a client happy, we have nothing to sell.

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