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What are the threats to independence in the following scenario? Olivia Dazzle has...

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Accounting

What are the threats to independence in the following scenario?
Olivia Dazzle has been auditing Fancy Dance Studio for many years. Fancy Dance Studio has been experiencing financial difficulties and has not been able to pay its audit fees for the last three years. Fancy now owes Olivia Dazzle $50,000 in assurance fees.

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