a) You are a manager in the audit department of Liew & Partners, a firm of Chartered Certified Accountant. A new junior auditor, Ben asked you some questions related to issues he encountered in his first few weeks working at Liew & Partners.

i. When I was on my initial training course, there was a session on ethics in which the presenter talked about being intimidated by a client. I assume this does not mean physical intimidation, so what is exactly an intimidation threat? ii. I heard one of the audit managers say that our firm had lost an audit client to a competitor because of lowballing. What is lowballing? Is it permitted?

Required: For each of the questions the junior raised, identify and explain the ethical or professional issue raised.