Question 2: Shamstadin a newly qualified chariered acceuntant has recontly established his practice in the name of Shansuddin \& Co.. Charterd Accountants. He is serntinuously liying to expand his practice and, in this process, he came acioss the following situations (i) One of has !riends, who is the owner of an advertaing ageney his offered ro provide significant discount for putiolity of this new proctice. (ii) Fashion Limited, a private limited eemipany, which has suffered heavil on accotint of recant financial tumois, Sads informed thim that it is willing to sppemt him in the firtheouritg ansest general meeting (AGM) of the colmpany in p'ace si the exising aluditors if he ean quote a fee below the existing atidit fee. (iti) Design Linnted has coatacted Stamstudin ant informed him that they wre willing to appoint him as their exteriak stditor in the next . AGM at a fee of Rs, 200,000 ir the entrpletes the atdit in a month. However, in case of diny is the aukit weik the atudit ee will he walueed to R.159,000. (iv) Shamsuddin receives an offer of appointmeat as auditors frotn Sisle Enterprises, a sole proptietorship, who wants to remove the existing Zuditors beforc completien wf theic lerm of nffice Required: Sharnsuddin is inclined to aceept the above gffers. Discuss the ontions available with him in eaci of the above situations