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Write answers to each of the five $(5)$ situations described below addressing the required criteria $($i$.$e$.1$

& $2)$ in each independent case. You may use a tabulated format if helpful having $$Threats$,$

$$Safeguards$$ and $$Objective Assessment$$ as column headings.

Steven Gellar CPA has been appointed as a junior auditor of Dockmantle Accounting Limited $($DAL$).$

One of his first tasks is to review the firm$$s audit clients to ensure that independence requirements of

APES $110($Code of Ethics for Professional Accountants$)$ are being met. His review has revealed the

following:

$($a$)$ Premiumprop Limited is a listed property development company and an audit client of DAL.

Michele Stallone CA is an engagement partner on the Premiumprop audit. Michele$$s husband,

Eugene Stallone, has just informed her that he is considering buying shares in Premiumprop on

the advice of his financial planner.

$($b$)$ THP Limited is a listed mining and energy company. DAL has performed THP$$s audit for many

years. Mark Taplin CPA is an audit partner at DAL but is not assigned to the THP audit. Mark$$s

wife Alina was recently gifted significant units in a managed investment fund from her uncle.

In its product disclosure statement, the fund disclosed that THP Limited was among its top $10$

shareholding