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Martin is considering submitting a proposal to conduct the audit examination of Phillip Inc., a...

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Accounting

Martin is considering submitting a proposal to conduct the audit examination of Phillip Inc., a manufacturer and distributor of automotive parts to large automobile manufacturers. Required: The following are some notes related to Martin's initial consideration of this potential engagement. Identify the component of the responsibilities principle (competence and capabilities, ethical requirements, or professional skepticism and professional judgment) most closely related to that factor

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