(b) As a newly-qualified Chartered Certified Accountant, you have been asked to write an ‘ethics column’ for a trainee accountant magazine. In particular, you have been asked to draft guidance on the following questions addressed to the magazine’s helpline: (i) What gifts or hospitality are acceptable and when do they become an inducement? (5 marks) Required: For each of the three questions, explain the threats to objectivity that may arise and the safeguards that should be available to manage them to an acceptable level. NOTE: The mark allocation is shown against each of the three questions above.