For many years, you have audited the financial statements of Youster Company, an auto parts retail chain. Throughout the years, the founder of Youster Company, Yojan Youster, admired your advice and “good ol’ business sense.” When Yojan Youster recently died, you learned that his will designates you as the executor of his estate. You have agreed to serve as the executor. According to the will, you must continue to maintain his investment portfolio exactly as it existed at the time he died. His estate’s investment portfolio, in part, consists of 70,000 of the 100,000 common shares outstanding in Youster Company. These shares accounted for 5% of Yujan’s net worth as of the date of death. 

Do you retain the independence to audit Youster Company?