One of the partners from MBR Accountants (MBR) recently resigned and joined QM Limited, one of MBR’s audit clients as the Chief Financial Officer. MBR continues to perform the financial statement audit for QM Limited. Which of the following threats to MBR’s independence, if any, would this situation constitute under APES 110?

Select one:

A. Advocacy threat

B. Self-interest threat

C. Familiarity threat

D. Not a threat to independence

Answer rating: 100% (QA)

C Familiarity threat Explanation The threat tha... View the full answer