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?

The firm may have a conflicting interest with the client.

The firm may fail to exercise due care when performing the service.

The firm will perform a management function for the client.

The firm will have an interest in the client's results of operations.

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