stion Completion Status: stion 12 10 points Save An Each of the following situations involves a possible violation of the Independence Rule of the AICPA's Code of Professional Conduct. Ameera has an audit practice and has recently been appointed as the auditor of Star Denim clothing Limited, a large manufacturer of men's and women's clothing, Ameera had a substantial investment in Star Denim prior to bidding for the audit engagement. In anticipation of a successful bid for the engagement, Ameera placed her shares of Star stock in a blind trust. (5 Marks) Hamad & Associates audits a buildings association in which the parents of a member of the firm own a unit and reside. The unit is material to the parents' net worth, and the member participates in the engagement (5 Marks) Required: Indicate whether each situation violates the Code. If it violates the Code, explain why. 312