Kulaya Company, a limited liability company appointed Vunda Vunda Accounting Services as auditor and tax advisor last year. The firm has recently issued an unmodified opinion on the financial statements for the year ended 31 st March 2022. Surprisingly, the Zambia Revenue Authority has just launched an investigation into the affairs of Kulaya Company on suspicion of under declaring income.

Identify and comment on the ethical and other professional issues raised by this matter and state what action, if any, Vunda Vunda Accounting Services should now take