Question 1-50 Points Regarding the given cases, please choose the threat on the auditor's independence and its impact on the fair presentation of the financial statements. (2 Points for Threat, 8 points for the effect) 1. Impressed by the auditor's qualifications, the client's board of directors offers for a CEO position for a temporary period of time. Type of Threat If the auditor accepts the proposal, how does it affect the fair presentation of financial statements? 2. The auditor and CFO of the client have been friends since high school. Type of Threat What is the effect on this relationship on the the fair presentation of financial statements? 3. An audit team member invested KD 1,000 in the client company's shares. Type of Threat What is the effect on this action on the the fair presentation of financial statements? 4. The CPA firm's bookkeeping client offered to get audit services. The partners are considering the offer. Type of Threat If the auditor accepts the proposal, how does it affect the fair presentation of financial statements? 5. The client started to grow as a company and invest in different countries. If the growth continues, CPA will not have enough employees to audit the client. Type of Threat What is the effect on this situtation on the the fair presentation of financial statements