Question: You are an auditor and your client - Red Ltd is a large superannuation fund. The Australian Taxation Office has advised Red Ltd that it

You are an auditor and your client - Red Ltd is a large superannuation fund. The Australian Taxation Office has advised Red Ltd that it has rejected its taxation treatment of a material amount of income from investments, and that it disagrees with the taxation advice Red Ltd gave to its members.

The matter has been referred to the Superannuation Complaints Tribunal. Red Ltd has requested that you represent them at the Superannuation Complaints Tribunal. Identify what threat/s to independence exist/s here?

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