Scenario: The firm of Abernethy and Chapman was asked to do consulting work for the Lakeside company that is completely separate and unrelated to the...

Scenario: The firm of Abernethy and Chapman was asked to do consulting work for the Lakeside company that is completely separate and unrelated to the audit of the financial statements. Discuss the potential conflict of interest when an auditor does consulting work for an audit client. Does this relationship cause the independence of the auditor to be violated? Why or why not? Since the Enron debacle, how has the accounting profession dealt with this issue?