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Chapter Discussion Question Erica Gray, CPA, is a sole practitioner. She has auditor for 10 years. Recently a long-standing audit client asked design and implement an integrated computer-based accountin information system. The fees associated with this additional engagement with the client are very attractive. However, Gray wo she can remain objective on subsequent audits in her evaluation client's accounting system and its records if she was responsibl design and implementation. Gray knows that professional auditing standards require her to remain independent in fact and appearance from her auditing clients. been practicing as an ray to nders if of the e for its Requirea 1. What do you believe auditing standards are mainly concerned with when they require independence in fact? In appearance? 2. Why is it important that auditors remain independent of their clients? 3. Do you think Gray can accept this engagement and remain independent? Justify your response. Respond to the scenario in the space provided below. As a reminder of the grading criteria, I have included the grading rubrics. Here's what I expect from your participation: Reply to each discussion question posed by your instructor. Before you reply, spend time reading and preparing your response with references. I'm looking for what you "know" and how you know it, not just how you feel or what you think. The instructor will post note worthy responses after all submissions are graded. I do expect you to post original information and not copy from other students. If this occurs you will receive a zero for the post and risk expulsion from the class