This addresses independence between Kodak & PWC.
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Create an argument to the Kodak shareholders that, despite the long relationship between Kodak and PricewaterhouseCoopers, the public accounting firm maintains its professional independence.
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Solution Summary
The solution argues that despite the long relationship between Kodak and PricewaterhouseCoopers, the public accounting firm maintains its professional independence.
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The main problem for an argument such as this is that PriceWaterhouseCoopers (PWC) has a reputation for being involved in accounting scandals. However, the argument can still be made based on a few points.
The first point that should be enforced to the shareholders is that PWC has already evidenced that they act independently. Back in 2005, PWC issued an adverse audit opinion due to deficiencies that were found in Kodak's internal financial controls, and cited material weaknesses as the main ...
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