2.1 List the fundamental principles of the SAICA Code of Professional Conduct and discuss your understanding of the meaning of 3 of these principles. 2.2 If you were not actually a Trainee Accountant but a university student working during your vacation, you would not be bound by the Code of Professional Conduct. Discuss this statement. 2.3 Explain why the concept of independence is more important in respect of assurance engagements than it is in respect of non-assurance engagements. 2.4 For each of the abovementioned opportunities you are required to: - State whether the situation would give rise to a threat/(s) to the auditor's independence. - Categorise the threat(s). - Explain why you believe independence would be threatened or if you believe independence has not been threatened you need to give reasons for why. Opportunity Number One Opportunity Number Two Opportunity Number Three