A professional accountant has been the partner in charge of a particular audit client for the past eight years. This situation could result in the following threat to professional independence.
A)Self-review
B)Intimidation
C)Advocacy
D)Familiarity
E)None of the above

Question

Quizplus · Accepted Answer

A long-term relationship with an audit client, such as being the partner in charge for eight years, can lead to a familiarity threat. This occurs when the auditor becomes too sympathetic to the client's interests or too accepting of the client's work, potentially compromising professional skepticism and independence.

A Professional Accountant Has Been the Partner in Charge of a Particular