Threats to the independence of auditors include

Question

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All of the options listed (familiarity threats, self-interest threats, and advocacy threats) pose potential risks to the independence of auditors. Familiarity threats arise when auditors have a close relationship with the entity being audited or its employees, potentially compromising their objectivity. Self-interest threats arise when auditors have a financial interest in the entity or stand to gain from the success of the audit. Advocacy threats arise when auditors advocate for the entity, such as providing consulting services, which can make it difficult to maintain independence. Therefore, all of these threats must be monitored and addressed to ensure auditor independence.

Threats to the Independence of Auditors Include