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Under the APES 110 Code of Ethics (Independence Standards), a self-review threat to auditor independence most directly arises in which situation?

An audit team member previously prepared the accounting records or valuation now being audited by the same firm The audit firm's fees from one client represent a large proportion of total firm revenue A partner accepts a modest gift from the client at year end The auditor is being sued by the client over an unrelated commercial matter

Correct Answer:

An audit team member previously prepared the accounting records or valuation now being audited by the same firm

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