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For each of the following situations, state which threat to independence [as stated in APES 11D s200.3 - 8} may be occurring and justify your

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For each of the following situations, state which threat to independence [as stated in APES 11D s200.3 - 8} may be occurring and justify your answer. i} ii} The Federal Government's new \"Direct Action" carbon abatement scheme proyides government funding to encourage polluters to reduce their emissions. Your audit client, Phoebe Ltd, {Phoebe} is Keen to access this funding to assist in the cost of replacement of its aging plant. Phoebe has asked you to support their application to the goyernment advisory panel which determines which carbon abatement schemes receive funding. [2 marks] Threat to independence: Justication: Your client, BigBucks Ltd, (BBL) operates a casino in Brisbane. BEL has approached you, their auditor, encouraging you to increase your audit fee by 25% in exchange for a guarantee from you that you will provide an unqualied audit opinion, irrespective of the actual ndings on your forthcoming audit. [2 marks] Threat to Independence: Justication

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