Tech Grand Saver?s Ltd (TGS) has not paid any of its audit fees for the last three years toACA, citing cash flow problems. This has resulted in a significant amount of overdueaudit fees for ACA. The audit partner in charge, John Wick has been reluctant to push theissue further, as TGS is a high profile client who he wishes to retain

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

ACCT3000 AUDITING_Assignment 1_semester 2, 2016 Write answers to each of the five (5) situations described below addressing the required criteria (i.e. 1 & 2) in each independent case. You may use a tabulated format if helpful having \"Threats\