A new audit client has been taken on by a professional accountant's firm. The fee for this client's audit engagement is significantly lower than that charged by the previous accountants. 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

The situation described does not directly relate to any of the listed threats to professional independence. It primarily concerns fee pressure, which could lead to a self-interest threat, but that option is not provided.

A New Audit Client Has Been Taken on by a Professional