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D Question 3 1 pts You are an audit manager of Banana & Co, and you have just been assigned the audit of Grapes Co,

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D Question 3 1 pts You are an audit manager of Banana & Co, and you have just been assigned the audit of Grapes Co, a listed company. Grapes's board of directors is considering establishing an internal audit function. If the internal audit function is established, the directors have suggested that they may wish to outsource this to Banana & Co. The finance director has suggested to the board that if Banana & Co is appointed as internal as well as external auditors, then fees should be renegotiated with at least 20% of all internal and external audit fees being based on the profit after tax of the company as this will align the interests of Banana & Co and Grapes. What are the threats to objectivity? Familiarity Self-review Advocacy Self-interest

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