Consider a case of a client who offers a car that you have been dreaming of$,$ promises to influence renewal of your team$$s auditing contract for the next year and increase on the professional fees during the audit of the client before the final report is issued.

How would you address the situation and why?

Identify the threats to objectivity highlighted in the scenario and discuss how would you address the them?

Discuss the importance professional code of conduct would play in the above scenario.