If a member of the audit team, a member of that individual's immediate family, or a firm has a direct financial interest or a material indirect conflict interest in the audit client then A B C D O the self-interest threat created would be so significant that no safeguards could reduce the threat to an acceptable level the auditor may have to create new safeguards to counteract the threat the auditor would have to hire outside auditors to help in the audit the auditors should not participate in the audit, but only act as supervisors