CAF-8 · Chapter 13 · Question 2 of 20
An auditor realizes that their brother is the Chief Financial Officer (CFO) of a potential new audit client. What type of threat does this create?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Familiarity threat
Explanation
A familiarity threat occurs when, due to a close relationship, an auditor becomes too sympathetic to the client's interests and fails to maintain a questioning mind.
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