Independence threats Are there any prohibitions or significant “threats” to independence? If so, describe. Consider: a. Self-interest (i.e., where the firm is economically dependent on the client fees or where judgments may be influenced by the desire to retain the client). b. Self-review (i.e., assisting the client in preparing the financial statements, providing bookkeeping services and making judgments for the client). c. Advocacy (i.e., acting as a client advocate in matters involving taxes, litigation or share promotion). d. Familiarity (i.e., close, family or long-time relationships with the client that could result in being too sympathetic to the client’s interests). e. Intimidation (i.e., where the client makes threats, such as accepting management positions, without question, on accounting matters). Refer to the provincial Code of Professional Conduct / Code of Ethics for guidance and interpretations. Note: Where a prohibition exists or where safeguards will not reduce a threat to an acceptable level, ensure that the activity, interest or relationship is described in the Compilation Engagement Report or do not accept the engagement.