Mark Calaway has been appointed as a junior auditor of West Accounting Limited (WAL). One of his first tasks is to review the firm's audit clients to ensure that independence requirements of APES 110 (Code of Ethics for Professional Accountants) are being met. His review has revealed the following:

(c) WAL has performed the audit of Tasty Food Pty Ltd. (Tasty Food), a large proprietary company for the last two years. WAL has also been providing services related to the preparation of accounting records and financial statements for Tasty Food.

Using the conceptual framework in APES 110 (Code of Ethics for Professional Accountants), answer the following questions:

1. Identify potential threat(s) to independence & recommend safeguards (if any) to reduce the independence threat(s) identified.

2. Provide an objective assessment of whether audit independence can be achieved