Question: Jonah, an audit partner at Brown & Co . , CPAs, is considering entering into a business relationship with Heidi, the CFO of one of
Jonah, an audit partner at Brown & Co CPAs, is considering entering into a business relationship with Heidi,
the CFO of one of his audit clients. Which threats to independence may apply in this situation?
Adverse interest, selfdealing, and due care threats.
Management participation, competence, and selfreview threats.
Familiarity, selfinterest, and undue influence threats.
Advocacy, professional conduct, and selfreliance threats.
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