For each of the following, indicate if there is a threat to independence. If so, state the

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For each of the following, indicate if there is a threat to independence. If so, state the threat and a possible safeguard.

1. MV goes to her assurance client, SAs Car Sales to buy a super car for his son. Due to their business relationship, SA offers MV a car at below cost.

2. cp has been auditing cs Pool and Spa Limited for many years. cs Pool and Spa Limited has been experiencing financial difficulties and has not been able to pay its audit fees for the last three years. cs now owes cp $96,000 in assurance fee.

Posted Date: Jul 11, 2024 02:08 PM

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For each of the following, indicate if there is a threat to independence. If so, state the

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