Question: Which statement best explains why the SEC has concerns about the independence of an audit firm partner who is compensated when she sells nonaudit services
Which statement best explains why the SEC has concerns about the independence of an audit firm partner who is compensated when she sells nonaudit services to her audit client?
The partner may lose her objectivity when performing the audit for her client.
The partner may have a conflicting interest with her client.
The partner may have a selfreview threat to her independence.
The partner may have a familiarity threat to her independence.
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