The AICPA Conceptual Framework for Independence Standards suggests that CPAs evaluate whether a particular threat would lead which type of person to conclude that an unacceptable risk of non-independence exists?

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The AICPA Conceptual Framework for Independence Standards suggests that CPAs evaluate whether a particular threat would lead a reasonably informed third party to conclude that an unacceptable risk of non-independence exists. This is because the independence of the CPA is critical to ensure that the audit or attestation engagement is carried out with integrity and objectivity, and the opinion given is not influenced by any undue factors. The opinion of a third party who is not familiar with the details of the engagement is considered to be a reasonable test of independence.

The AICPA Conceptual Framework for Independence Standards Suggests That CPAs