13 The questions that follow are based on the Independence Rule 101 of the AICPA Code of Professional Conduct as it relates to independence and family relationships. write 10 points "Yes" If the situation violates the rule, "No" if it does not, with brief explanation for each case (2-3 lines for each). (2.5 marks each) 1. A partner's non-dependent father has a 5 percent limited non-executive partner in a non-public (privately owned) entity audited by the partner's firm. Does the father's direct financial Interest in the entity impair the audit firm's independence? 2. A partner assigned to a KPMG's Dubai office is married to the president of a public company for which the firm's Abu Dhabi office performs audit services. If the partner does not perform services out of or for the Abu Dhabi office, cannot exercise significant influence over the engagement, and is not involved with the engagement, such as consulting on accounting or auditing issues, is the whole KPMG audit firm's Independence Impaired? 3. A CPA's father acquired a 10 percent interest in a company that the CPA audits. The investment is material to the father's net worth. If the CPA is aware of his father's investment and the CPA participates in the audit engagement, is the firm's Independence Impaired? 4. An audit partner has a brother who owns a 60 percent interest in an entity for which the partner provides attest services. The interest is material to the brother's net worth. If the partner participates in the audit engagement, but does not know about his brother's Investment because the investment is held by a corporation that obscures (hides) the brother's investment, is the firm's independence impaired