ethical threat..?

Auditors must exercise professional competence and she care. This implies spending sufficient time and effort, and assigning staff with the proper skills. All this will affect the audit fee.

Dear sir

I’ve seen ethical threat as the major topic so I’m asking my question under the same rubric.

In ACCA answers, I’ve seen close family relationships as BOTH a familiarity threat and a self interest threat whereas in BPP it’s only under self interest threat. Familiarity refers to having the same Audit personnel for a long time.

My question is can we refer family relationships as a familiarity threat ?

Thanks