CPAs in business face threats to independence just as CPAs in public practice. Which of the following threats do not exist for CPAs in business?

Question

Quizplus · Accepted Answer

Management participation threat refers specifically to situations where a CPA is serving as a manager or director of a client entity, which is not applicable for CPAs in business who are typically employees or managers within their own organization. Adverse interest threat, advocacy threat, and self-interest threat can all still be present for CPAs in business, particularly in situations where they are involved in decision-making that affects their own financial interests or those of the organization.

CPAs in Business Face Threats to Independence Just as CPAs