Amity James CA is an assurance manager with BBAL and it has just been decided to allocate her to the audit of High Tech Limited (HTL). Her husband Greg James has recently received some inheritance from his grandfather with which he previously planned to buy a large parcel of shares in HTL. Amity has recently informed Stephen(an auditor of BBAL) that she has been able to finally convince Greg to only buy a small parcel of shares in HTL.

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

Answer rating: 100% (QA)

1 There are potential threats to Amity James independence as an assurance manager with BBAL being al... View the full answer