A Professional Accounting Firm Has Several Audit and Tax Clients;

question 4

Multiple Choice

A professional accounting firm has several audit and tax clients; however, a single client represents 40% of the firm's revenue. This situation could result in the following threat to professional independence.

• A)Self-review
• B)Intimidation
• C)Advocacy
• D)Familiarity
• E)Self-interest

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Definitions:

Hearing Receptors

Sensory cells located in the inner ear that convert sound waves into nerve impulses that are interpreted by the brain as sound.

Cerumen Impaction

A condition where earwax has accumulated in the ear canal to a point where it causes symptoms such as hearing loss or discomfort.

Otitis Media

An infection or inflammation of the middle ear, which is a common condition especially in children.

External Auditory

Pertaining to the outer section of the ear canal leading to the eardrum.