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AUDIT FIRM ROTATION IN THE EUROPEAN UNION 1. Distinguish between independence of mind and independence in appearance. Identify an activity that may not affect independence of mind but is likely to affect independence in appearance. 2. Explain the role of the audit committee in enhancing auditor independence.

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AUDIT FIRM ROTATION IN THE EUROPEAN UNION

1. Distinguish between independence of mind and independence in appearance. Identify an activity that may not affect independence of mind but is likely to affect independence in appearance.
2. Explain the role of the audit committee in enhancing auditor independence.