A. Only 1 statement is True B. Only 2 statements are True C. All statements are True D. All statements are False
S1: Where a conflict of interest poses a threat to one or more of the fundamental principles that cannot be eliminated or reduced to an acceptable level through the application of safeguards, the professional accountant in public practice should conclude that it is not appropriate to accept a specific engagement.
S2: A professional accountant in business should only undertake significant tasks for which the professional accountant in business has, or can obtain, sufficient specific training or experience.
S3: It is not appropriate for the engagement team to use of advisory services provided by other firms, professional and regulatory bodies, or commercial organizations that provide relevant quality control services.
A. Only 1 statement is True
B. Only 2 statements are True
C. All statements are True
D. All statements are False
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