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Dhoni and Kohli are the senior partners in a mid-size audit firm. They have both acted as the lead audit partner at different times with a long-standing audit client, Ibis Industries Ltd. The new CEO of Ibis has requested a meeting with Dhoni and Kohli to discuss issues with the firm's work, including the length of time the audit team are on the Ibis premises completing the audit work and the size of the audit fee charged in the past two years.
Required:
What concerns should Dhoni and Kohli have about the requested meeting? Explain.
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