Please watch the FULL video (3 sections) titled the Importance of Being Independent which focuses on the public interest, professional skepticism, financial statements users, and independence in fact and appearance.

• Section 1 - Independence 101 (approx. 12 minutes)
• Section II - The Public Accounting Profession (approx. 5 minutes)
• Section III Independence at Work (approx. 10 minutes)

The video can be found at https://business.illinois.edu/responsibility/course-materials/for-students/. After watching the video, please respond to the following questions.

• 1-YouruncleisemployedasthecontrollerofCompanyJ,anauditclientofyourfirm.YouareaskedtoserveontheCompanyJauditteam.Youareprettysurethattheindependencerulesdonotprohibityoufromservingontheauditteambecausetechnicallyyouruncleisnotacloserelative.Youhaveacloserelationshipwithyouruncleandseehimonaregularbasis.Shouldyoudisclosethisrelationshiptoyourfirm?Why?
• 2-Doyouconsideranyofthefiveareasofindependence,describedintheVideo,agreaterthreattoindependencethananyoftheotherareas?Why?

Thank you for your help.