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XYZ Corporation is a leading accounting firm providing public accounting services. One of their major clients is ABC & Co., a publicly traded company. Samantha
XYZ Corporation is a leading accounting firm providing public accounting services. One of their major clients is ABC & Co., a publicly traded company. Samantha Benoit is a senior auditor at XYZ Corporation and has been leading the audit team for ABC Co. for the past several years. Samantha Benoit's husband recently inherited a significant number of shares in ABC Co. from a relative. Samantha was unaware of this inheritance until it was finalized, but now the shares represent a substantial portion of her family's wealth. Requirements Identify the specific threat to independence present in the situation. Assess the severity of the threat and explain why it is significant. Recommend appropriate actions or safeguards that XYZ Company and Samantha Benoit should implement to mitigate the threat to independence
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