You will be presented with multiple scenarios. For each scenario, respond theaccountant in the form of an email. Your email must:Explain what you understand to be the "threat." $($For example, $"$It$$seems that this situation can impair independence."$)$Clearly state any assumptions you are making. $($For example, you$$might say $$I assume the client is not a publicly held company.$)$Explain alternative assumptions if they lead to different answers.$($For example, you might say, $$If the company is publicly held, youmay not perform that service as that is prohibited by the SEC.$)$Properly reference the specific section of the AICPA Code of$$Professional Conduct and$/$or cut and paste from the code into youranswer.Address any ethical virtue or issue you see in the question. $($For$$example: going along with the client might conflict with the virtue ofTrustworthiness$)$

Scenario $4$:Accountant $4$ is an audit senior, he owns stock in the ABC company and they are now anaudit client of that office, does he need to do anything?

Scenario $5$:Accountant $5$ is the partner in charge for financial resources in cpa firm, he is concerned: ourclient is a remarkably successful company, we have a good deal of cash as a cpa firm that wewould like to invest somewhere, as a partner in charge of financial resources, I would like toinvest in our client, can i$?$

Scenario $6$:Accountant $6$ is an audit manager, my client, a privately held company admires my work andthey have offered me a job to start when the engagement is over, what should I do$,$ adviseaccountant $6.$

Scenario $7$:Accountant $7$ is the audit manager of a distressed client. Our client is in true financialtrouble and they want our firm to lend them money. Can we$?$