Discuss how each of the following could affect independence of mind and independence in appearance, and evaluate the social consequence of prohibiting auditors from doing each one: Owning stock in a...

Discuss how each of the following could affect independence of mind and independence in appearance, and evaluate the social consequence of prohibiting auditors from doing each one:

1. Owning stock in a client company.


2. Having bookkeeping services for an audit client performed by the same person who does the audit.


3. Having a spouse who is the chief financial officer of a client company.

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