S1: Familiarity threats may occur when, because of a close relationship, a professional accountant becomes too sympathetic to the interests of others. S2: The auditor should implement quality control procedures at the engagement level that provide the auditor with reasonable assurance that the audit complies with professional standards and regulatory and legal requirements and the auditor's report issued is appropriate in the circumstances. S3: It is not appropriate for large firms to use electronic databases to document matters such as independence confirmations, performance evaluations, and the results of monitoring inspections. A. Only 1 statement is True B. Only 2 statements are True C. All statements are True D. All statementS are False
S1: Familiarity threats may occur when, because of a close relationship, a professional accountant becomes too sympathetic to the interests of others. S2: The auditor should implement quality control procedures at the engagement level that provide the auditor with reasonable assurance that the audit complies with professional standards and regulatory and legal requirements and the auditor's report issued is appropriate in the circumstances. S3: It is not appropriate for large firms to use electronic databases to document matters such as independence confirmations, performance evaluations, and the results of monitoring inspections.
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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