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A New Audit Client Has Been Taken on by a Professional

Question 20

Multiple Choice

A new audit client has been taken on by a professional accountant's firm. The fee for this client's audit engagement is significantly lower than that charged by the previous accountants. This situation could result in the following threat to professional independence.


A) Self-review
B) Intimidation
C) Advocacy
D) Familiarity
E) None of the above

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