As per the Conceptual Framework for AICPA Independence Standards made effective in 2006,a CPA is required to identify and assess the extent to which a threat to independence exists.

Question

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The statement is true as per the Conceptual Framework for AICPA Independence Standards made effective in 2006. CPAs are required to identify and assess the extent of the threat to independence.

As Per the Conceptual Framework for AICPA Independence Standards Made