The significance of economic, financial or other relationships in determining independence in appearance is evaluated by:

		what a reasonable and informed third party would conclude as unacceptable.
		what the auditor general decides is significant.
		what the auditor believes is unacceptable.
		what the company deems to be unacceptable.

M&N partners are the auditors of A&C Company. A&Cs CFO used to be a senior auditor at M&N a year ago. Which threat to the auditors independence would be created by this situation?

		Advocacy
		Self-interest
		Self-review
		Familiarity

Which of these is not an ethical consideration for the auditor in deciding whether to accept an audit engagement?

		Identifying intended users of the audited financial statements.
		Evaluating circumstances that would compromise their independence.
		Assessing their competence to perform the audit.
		Determining their ability to use due care in performing the audit.