Question: In 2 0 2 4 , Dennis & Co . owes JMM , CPAs, $ 3 6 , 0 0 0 for tax and consulting

In 2024, Dennis & Co. owes JMM, CPAs, $36,000 for tax and consulting services provided in 2022. Dennis asked JMM to perform its 2023 calendar year-end audit. Which statement best describes whether JMM should apply the Unpaid Fees interpretation when evaluating its independence?

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