You are a partner in Messrs Borg, Connors & Co$,$ Certified Accountants. You are approached by Mr Nastase, the managing director of Navratilova Enterprises Ltd$,$ who asks your firm to become auditors of his company. In return for giving you this appointment Mr Nastase says that he will expect your firm to waive $50\%$ of your normal fee for the first year's audit. The existing auditors, Messrs Wade, Austin & Co$,$ have not resigned but Mr Nastase informs you that they will not be reappointed in the future Question:$($a$)$ What action should Messrs Borg, Connors & Co take in response to the request from Mr Nastase to reduce their first year's fee by $50\%?($b$)$ Are Messrs Wade, Austin & Co within their rights in not resigning when they know Mr Nastase wishes to replace them?Give reasons for your answer.