Question: Which statement best explains why the SEC has concerns about the independence of an audit firm when its audit client owes a substantial amount of

Which statement best explains why the SEC has concerns about the independence of an audit firm when its audit client owes a substantial amount of fees to the firm? A. The firm may have a conflicting interest with the client. B. The firm will perform a management function for the client. C. The firm will have an interest in the client's results of operations. D. The firm may fail to exercise due care when performing the service.

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