Independence AnaIySIs 1. In your opinion, which of the candidates are NOT independent (in fact andl'or in appearance), disqualifying them from working on this audit. 2. Explain your reasons for disqualifying them, CITING authoritative sources {listed below) to support all your decisions. Remember, some situations involve professional judgment, which may legitimately vary from CPA firm to CPA rm. Independence Literature 1. Securities and Exchange Commission's (SEC) Independence Rules 2. AICPA Code of Professional Conduct 3. AICPA SSCS 4. IFAC Code of Ethics Section 220 Potential Team Members 1. Leonard Ames Associate - Credit card issued by Original with $12K balance on it - Also has Original checking, savings, 8: overdraft accounts (checking + savings = approx. $114K l overdraft balance = $1,500) 1. Independent: YES NO 2. WHY