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ABC & Co has tendered for the external audit of Berjaya Berhad. ABC & Co has proposed a fee below the market rate in the
ABC & Co has tendered for the external audit of Berjaya Berhad. ABC & Co has
proposed a fee below the market rate in the hope that the firm will subsequently be awarded more lucrative advisory work.
Required:
Identify and explain the ethical issues posed by ABC & Co's proposal.
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