help please!

1. Provide a brief background of the scenario in your own words. 2. Identify those who would be potentially affected by this type of arrangement and the proposed fee structure, 3. Are there any ethical factors in this situation? Explain. 4. Would you recommend that Smith accept this audit fee arrangement proposed by Blackstone? Why or why not? 5. Are there ethical considerations guiding your recommendation? David Smith wants to become a partner at PMI Auditing Firm. Smith prepares a bid to audit Blackstone Company's Financial Statements. When discussing the audit fee, Blackstone suggests that Smith be paid according to the net income that is reported for Blackstone. If the reported net income is higher, Smith's firm will be paid a higher fee