Question: Is this a threat to independence? Or does it make the auditing firm not independent? Independence Review There appears to be no stock ownership issue

Is this a threat to independence? Or does it make the auditing firm not independent?

Independence Review

There appears to be no stock ownership issue except that a partner in your firm's Utah office owns shares in a venture capital fund which in turn owns a private investment in Angeli common stock.The venture capital fund holds 50,000 shares of Angeli stock, currently valued at approximately $18 per share.The stock is not publicly traded, so this value is estimated.This investment represents just over half of one percent of the value of the fund's total holdings.The firm's partner's total investment in the mutual fund is currently valued at about $56,000.

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