Q2 is required

1. You are a senior auditor in an auditing firm called KPMG. ABC company trade in ecofriendly bamboo products and have their head office in Ruwi, Muscat. The directors of ABC company wish to dismiss their current auditors due to certain reasons. The directors have approached your auditing firm to act as auditors. They are prepared to pay OMR 10,000 as an audit fees, plus a bonus of one percentage of the profit after taxation. ABC company has a poor reputation as regard to employee welfare and also there is a high turnover of employees. The company's business practices have been previously investigated by the ministry of commerce and industry, but no action was taken against the directors of the company Required: 2. It is relatively a rare event, where the company change their auditors. Use the internet MSM website to download the financial reports of any company and identify an auditor change if any. Investigate the information provided by the management as reason for the change. (2 Marks)