Question 2 Assess the ethical issues in relation to the Board of Director's request and recommend appropriate safeguards and/or actions you should take. (12 marks) Question 3 Analyse the fundamental characteristics for each potential client described above. Explain one (1) characteristic specific to each entity and one (1) corresponding management assertion that you will be most concerned with if you are the statutory auditor of that entity. Refer to paragraph A125 of SSA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment for the various assertions made by management in the financial statements. (12 marks) Question 2 Assess the ethical issues in relation to the Board of Director's request and recommend appropriate safeguards and/or actions you should take. (12 marks) Question 3 Analyse the fundamental characteristics for each potential client described above. Explain one (1) characteristic specific to each entity and one (1) corresponding management assertion that you will be most concerned with if you are the statutory auditor of that entity. Refer to paragraph A125 of SSA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment for the various assertions made by management in the financial statements. (12 marks)