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Comment: Independence impairment related to firm merger or acquisition

Grant Thornton supports PEEC’s position that a new interpretation is needed to address independence threats that may exist as a result of employment (or association) or the performance of nonattest services to, an attest client of the acquired or acquiring firm. Many firms are using a merger and acquisition strategy to grow their business and operations, improve market niches, and expand locations; therefore, providing such guidance to the profession is warranted.

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