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". "Safeguards" and Objective Assessment" as column headings. Tom Hardy has been appointed as a junior auditor of Awesome Chartered Accountants (ACA). 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: Sheraton Motels Ltd (SML) is a chain of fifteen motels operating in Western Australia. ACA performs audit work for SML. This is the second year that ACA's audit fee from SML will comprise of around 17% of total ACA's audit fee revenue. Tech Grand Saver's Ltd (TGS) has not paid any of its audit fees for the last three years to ACA, citing cash flow problems. This has resulted in a significant amount of overdue audit fees for ACA. The audit partner in charge. John Wick has been reluctant to push the issue further, as TGS is a high profile client who he wishes to retain. For the past four years. ACA has been the auditor of Burswood Holiday Resorts Ltd. (BHR). Brock Lennar CA has been the audit partner responsible. To express sincerity towards ACA and Brock, and to maintain the good relationship in anticipation of another smooth audit for 2016. BHR would like to present a complimentary 3-week holiday package voucher for Brock's Family to Hawaii. All expenses, including accommodation, food, drink and travelling costs, will be paid by BHR. While having a conversation with Jeff Stallone, an audit senior at ACA, Tom learns that Jeff is excited to have been allocated to this year's audit team for Jumbo Independent Groceries Pty Ltd (JIG) (Please JIG is not a Public Interest Entity). Jeff was on a temporary assignment at JIG just a month ago. helping JIG with tax & accounting services. Jeff helped JIG with its tax calculations and preparing financial statements based on information in the trial balance. This work will be reflected in the 30 June 2016 financial report. Jeff does not think there to be much audit work required around the tax accounts and is confident for the audit to be highly efficient this year. Bradley Cooper, an audit senior with ACA is very excited to be a part of the audit team of Massive Metal Ltd. (MM). Bradley feels that he will be a valuable asset to the audit team, as his dad is MM's financial controller who is responsible for the preparation of MM's financial report. Both Bradley and his dad are financially independent