Answered: The audit firm is acting as an expert…

The audit firm is acting as an expert witness directly for the audit client. What type of threat to independence might this create? Intimidation Self-interest Advocacy Familiarity.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The audit firm is acting as an expert witness directly for the audit client. What type of threat to independence might this create?

Intimidation

Self-interest

Advocacy

Familiarity.

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