You are an audit partner at Khan & Co. Accounts Manager of one of your client, Dragon (private) Limited (DPL) has recently resigned and the company has approached you for your assistance. The CFO of the company requested you to provide a team member to assist them in preparation of the Annual Financial Statements and other related work. Required: Discuss whether and under what circumstances the above offer can be accepted by the engagement partner. (b) Bahar Limited (BL) has approached your firm to act as their external auditors for the year ended 31st December, 2017. Bahar Limited provides cars on lease to their customers. One of the partner of your firm disclosed that he has purchased a car on lease from the company. Required: Discuss whether the firm can act as the auditors of BL.