question a and b

(0Eagle Eyes Accountants ro ho hem nekurge or the audio KLG Company during the past few years KLO trga clorhyorin ADL DC to the ongoing pandemic, KLO hasn't paid the audit fees of $200,000 in total for the past two years DOOD OD DE (2) Bob in a pintor auditor in charge of the audit of Seven News Corporation. To expand te operation and services Eleven Newala going to conduct season equity offering next year. Bob bellaves that Eleven Newsls prest company and its expansion will be successful. As a result, Rab shares Nos Information om his twitter and encourages people to purchase the shares issued by Eleven News. Due to the audit firm's policy, Bob doesn't own any shares of Eleven News. () coa Con White is a cloth retaling company. To Improve the quality of internal controls, Con Coe White approached TH Accountants to adopt a customise Intemal control system in 2020. The system is highly customised and was considered effective by the engagement audit firm in 2020, DY CPAR. Due to the outstanding service in 2020, Con Coa White approaches TH Accountants to carry out the audit of 2021 financial reports (4) Jasper is a newly promoted audit partner in JAJ Associates. During the past years, Jasper has developed a great expertise in a broad range of sectors Including retall, hospitality, construction and pharmaceutical companies, Jasper also has an excellent knowledge of Impale tests, contract accounting, and R&D capitalisation. This year Eastpac, a large bank, approaches Jasper to carry out the financial audin, (5) Excellent Accountants to a large audit firm in Australia. Due to the tough economic conditions, several clients of Excellent Accountants switch to small audit firms to reduce nudit fees. To attract new clients, Excellent Accountants Initiates an advertisement on Facebook, saying that although they charge Ng audit fees than other audit firms, thelr audit services are the best and deserve the price KODOC Required (2) For Independent situations (1) to (3), identify and justify the most relevant one threat to auditor independence and propose an approach to reduce the threat. Please note: If more than one is listed, only the first will be assessed. 14+4+412 m DO D (b) For Independent situations (1) to (5), Identify and justify the most relevant one principle of professional ethics and indicate whether the principle is breached or not. Please note: If more than one is listed, only the first will be assessed. (0Eagle Eyes Accountants ro ho hem nekurge or the audio KLG Company during the past few years KLO trga clorhyorin ADL DC to the ongoing pandemic, KLO hasn't paid the audit fees of $200,000 in total for the past two years DOOD OD DE (2) Bob in a pintor auditor in charge of the audit of Seven News Corporation. To expand te operation and services Eleven Newala going to conduct season equity offering next year. Bob bellaves that Eleven Newsls prest company and its expansion will be successful. As a result, Rab shares Nos Information om his twitter and encourages people to purchase the shares issued by Eleven News. Due to the audit firm's policy, Bob doesn't own any shares of Eleven News. () coa Con White is a cloth retaling company. To Improve the quality of internal controls, Con Coe White approached TH Accountants to adopt a customise Intemal control system in 2020. The system is highly customised and was considered effective by the engagement audit firm in 2020, DY CPAR. Due to the outstanding service in 2020, Con Coa White approaches TH Accountants to carry out the audit of 2021 financial reports (4) Jasper is a newly promoted audit partner in JAJ Associates. During the past years, Jasper has developed a great expertise in a broad range of sectors Including retall, hospitality, construction and pharmaceutical companies, Jasper also has an excellent knowledge of Impale tests, contract accounting, and R&D capitalisation. This year Eastpac, a large bank, approaches Jasper to carry out the financial audin, (5) Excellent Accountants to a large audit firm in Australia. Due to the tough economic conditions, several clients of Excellent Accountants switch to small audit firms to reduce nudit fees. To attract new clients, Excellent Accountants Initiates an advertisement on Facebook, saying that although they charge Ng audit fees than other audit firms, thelr audit services are the best and deserve the price KODOC Required (2) For Independent situations (1) to (3), identify and justify the most relevant one threat to auditor independence and propose an approach to reduce the threat. Please note: If more than one is listed, only the first will be assessed. 14+4+412 m DO D (b) For Independent situations (1) to (5), Identify and justify the most relevant one principle of professional ethics and indicate whether the principle is breached or not. Please note: If more than one is listed, only the first will be assessed