1 ABC Audit Firm Wardina was appointed as the senior auditor in AA Audit Firm, a well-established and well-known firm within Asian countries. Wardina is very happy with the firm as she has gained a lot of knowledge and experience from her colleagues and the firm's partners. Recently, Wardina was given the task to conduct the audit work for a very prestigious client, RonEn Bhd. In the audit papers which have been prepared by the previous auditors, she realised that RonEn Bhd have failed to discover a lot of misstatements such as overstating the revenues and profits, increase the cash amount and lowered the debt of the company, offset the losses in RonEn Bhd's stock investments in the other companies. All these debts and losses were not reported in their financial statements with the intention to manipulate the price of RonEn Bhd's stock to attract more investors to invest in the company. However, AA Audit Firm did not act upon the found evidence. When discussing the findings with her audit team, Halimah and Jauhari, Wardina was told not to question the findings and she was advised to ignore all the findings, stating that this is a common practice of RonEn Bhd. Wardina later reported these matters to the senior partner of her firm. She felt very disappointed as the senior partner asked her not to question the actions done by the clients as they have contributed high fees to AA Audit Firm. She felt disappointed with the firm's decision to ignore such misconduct and the failure to follow the accepted standards and guidelines. Required: a. Discuss two (2) ethical issues from the above case. (5 marks) b. Evaluate the ethicalness of AA Audit Firm based on the fundamental interests of stakeholders in respect of Well-Offness, Fair and Rights. (10 marks) c. If you are in Wardina's shoes, what actions would you take, and why? (5 marks) (Total: 20 marks)