You work for a firm of auditors, which has eleven offices throughout Wales. a. The firm's client, in terms of highest gross fee income, is Hobby plc, a company which has grown partly organically. b. Your firm has been an auditor for Hobby plc. for over 16 years and in addition to the statutory audit, provides a whole host of non-audit services. These include HR consultation, IT and tax planning (for the entity and to some individual directors) and consultancy work in respect of Hobby plc's mergers' policy. c. Earlier this year, the Chief Finance Director of Hobby plc retired and was replaced by a former member of your Auditing firm who had carried out the audit of Hobby plc for the preceding three years. Required Discuss the ethical and professional issues raised by the three situations outlined above and identify the safeguard which should be employed by your auditing firm in order to mitigate any possible threats