During the past two years, you audited the financial statements of many clients, including Zohank Company. After

Question:

During the past two years, you audited the of many clients, including Zohank Company. After one of your individual clients had a stroke, she created a living trust and appointed you as the trustee. According to the trust documents, you may disburse "funds on behalf of the grantor to adequately satisfy her medical needs." You may not, however, alter the trust's investment The trust's total investment is worth $1 million and is comprised of five different each of which represents 20% of the value of the trust's assets. Zohank Company is one of the five held in the trust's Do you retain the independence to audit Zohank Company?
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