Corona Ltdapproached your audit firm Vaccine & Coto audit its financial statements for the year ended 31 December 2019.Corona Ltd informed Vaccine & Cothat they haveattempted to reachits auditor from Virus & Co for the past six months but to no avail andtherefore decided toengageyour audit firm Vaccine & Coto auditits financial statements for the year ended 31 December 2019(the last financial year audited by Virus & Co was the financial year ended 31 December 2017). Given the above circumstances, Vaccine & Co hasperformed a search of audit firm Virus & Co from the Accounting and Corporate Regulatory Authority (ACRA) and found out the audit firm Virus & Co had been"removed" (dissolved). It was asole proprietorshipand the auditorbeing the sole proprietor,did not renew its practicing license.

REQUIRED:

Clarify thoroughly whether should your audit firm Vaccine & Co can accept Corona Ltd for this audit engagement.Explain if your audit firm Vaccine & Co need to seek professional clearance given the above circumstances?