Question 1 a) The managing director of Airedale Lid has approached your firm and requested a second opinion on the auditor's report which its current auditors are proposing to give on the financial statements for the year ended 31 July 2018. The proposed auditor's report expresses an adverse opinion due to disagreement over the accounting policies adopted in the financial statements. Required: Identify the ethical issues that may arise for your firm and state with reasons how your firm should deal with the request. b) If the regular fees from a client or group of companies constitute a substantial proportion of the fee income of an audit firm, a self-interest threat is likely to arise to impair objectivity. Required: Set out the safeguards a firm should use to recognize this threat and the procedures available to offset it. Question 2 a) You are planning the audit of Sportsresults-a-minute.com. You have ascertain that the company has overdue fees of RM15,000, being the previous year's audit fee. Explain the threat to your firm's independence and state the action your firm should talk In respect of this matter