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CapeX Limited specialises in selling building materials and household furniture. The company's financial year ends on the 31st March 2021. PKMG is currently conducting

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CapeX Limited specialises in selling building materials and household furniture. The company's financial year ends on the 31st March 2021. PKMG is currently conducting financial audit which will end on 23 April 2021. Last weekend, CapeX Limited hosted its financial year end party and invited PKMG to the party. Both the company and their auditing firm enjoyed the party. Required a) Do you think PKMG displayed independence when accepting the invitation? (10 marks) b) Identify and explain some ethical issues that may arise in this situation (20 marks). Note: Support your views with at least five (5) ethical issues.

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