Shelly, Kelly & Mark (SKM) are the auditors of Bass. SKM's IT consulting division has undertaken anumber of accounts receivable management system implementation projects and is actively looking for opportunities to perform more of this type of work. As aresult, SKM's IT consulting division isplanning to submit a proposal to implement an accounts receivables management system at Mass.

(a) Identify and explain thetwo primary threats to independencefor SKM.(5 marks)

(b) Outline an appropriatesafeguardto address each of the threats identified above.(5 marks)