The lead attest partner, Lisha, on an audit engagement recently got married to Samid.
a. If Lisha's husband is a sales representative for one of Lisha's attest clients, is her independence impaired?
b. If Lisha's husband is promoted to become the client company's Chief Executive Officer, will Lisha's independence become impaired?
c. Lisha's husband plans to apply for a new job. Can Lisha's husband work as a data entry assistant in the Accounting and Finance Department at her attest client without impairing her independence?
d. After falling in love with Samid, Lisha discovered that her future father-in-law is the CFO of her largest attest client. What, if anything, should Lisha do to preserve her independence to remain this client's auditor?
e. Lisha's new husband owns a few shares of stock issued and outstanding in Lisha's attest client. Lisha did not learn of his stock ownership until after they got married. Is Lisha's independence impaired? Do you have any recommendations that might preserve Lisha's independence?