ACCA · Question 12 · Syllabus F: Professional ethics
[Section A] An audit partner has been in charge of the external audit for a major retail client for the past 12 years. Over this time, the partner has developed a close personal friendship with the client's CEO, frequently playing golf together and attending each other's family weddings. Which IFAC structural threat is most likely to compromise the auditor's objectivity?
Answer options:
Intimidation threat
Advocacy threat
Self-interest threat
Familiarity threat
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