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.

Mark Calaway has been appointed as a junior auditor of West Accounting Limited (WAL). 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:

(1) James Grage CA is an assurance manager with WAL and it has just been decided to allocate him to the audit of Super Tech Limited (STL). His wife Anni Grage has recently received some inheritance from her grandfather with which she previously planned to buy a large parcel of shares in STL. James has recently informed Mark that he has been able to finally convince Anni to only buy a small parcel of shares in STL.

Required: For each of the independent situations above, and using the conceptual framework in APES 110 (Code of Ethics for Professional Accountants), answer the following questions:

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.

Please use "Threats", "Safeguards" and "Objective Assessment" as column headings method. Reference APES 110.