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What are the main threats to auditor independence?

  1. A Self-interest, self-review, advocacy, familiarity and intimidation
  2. B Only fee dependence
  3. C Only family relationships
  4. D Only prior employment
Answer

Self-interest, self-review, advocacy, familiarity and intimidation

The Code of Ethics requires identifying threats, then applying safeguards or declining the engagement where safeguards are insufficient.

All CA MCQs

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