What type of threat to independence arises when an accounting firm acts on behalf of its assurance client?

Name: What type of threat to independence arises when an accounting firm acts on behalf of its assurance client?
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

When an accounting firm acts on behalf of its assurance client, an advocacy threat arises. This threat occurs when the accounting firm advocates for the interests of the client rather than maintaining objectivity and integrity in providing assurance services.

What Type of Threat to Independence Arises When an Accounting