Why it is desirable for corporations

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Using a standard format memo please discuss the why it is desirable for corporations, charities, and NGOs to change their External Audit firms every 7-10 years. Include in your discussion such concepts as: Independence, "Moral Hazard", and the Market-for-Lemons market failure.

Reference no: EM13164407

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Why it is desirable for corporations : Using a standard format memo please discuss the why it is desirable for corporations, charities, and NGOs to change their External Audit firms every 7-10 years.
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