EP Consulting Services won a tender to provide auditing and forensic consulting services to a Technology Company. You have been appointed as the Engagement Partner for this project. You subsequently established that your best friend and former colleague has been appointed as the Chief Financial Officer $($CFO$)$ at the Technology Company. 

 

 $1\mathrm{.}1$  Discuss some of the threats that may arise from you being the Engagement Partner on this project?

$1\mathrm{.}2$ Discuss some of the safeguards that you as the Engagement Partner could implement to  

 mitigate the threats