use a tabulated format if helpful having "Threats", "Safeguards" and "Objective Assessment" as column headings.

Stephen Tiler CPA has been appointed as a junior auditor of Best Solutions Limited (BSL). 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:

(b) BSL has recently been approached by Western Tech Limited (WTL) to conduct its audit to which BSL has agreed. The accountant and financial advisor at WTL, Tom Hardy is the brother of James Hardy CA, who is the audit partner at BSL. James has put in a request to lead the WTL audit. James believes that he can get the WTL audit completed efficiently and effectively since he shares a very good relationship with Tom and can get all the necessary information from him.

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