Below are FIVE separate situations an auditor is faced with: Required (a) You have been approached...

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Below are FIVE separate situations an auditor is faced with: Required (a) You have been approached by a prospective new audit client to undertake their audit. You request their permission to contact their previous auditor, but they refuse. (b) A colleague is compiling a database of industry operating statistics across a range of industries, that they intend to publish. They have requested you provide them with access to financial details of several of your audit clients. (c) An aunt has died and in her will she has left you shares in one of your audit clients. (d) You find out that a corporate finance partner in your firm has been approached by an audit of client of yours to assist them with determining a fair value range of a business they are considering purchasing. (e) Your son is the accountant of a chain of fitness centres. They are considering changing auditors and he has suggested to his board of directors that they approach you as a potential new auditor. For each situation explain the specific concern you would have and TWO actions you should take. Please answer together in a TWO column format. Specific Concern a) b) d) Actions 1. 2. 1. 2. 1. 2. 1. 2. 1. 2. Below are FIVE separate situations an auditor is faced with: Required (a) You have been approached by a prospective new audit client to undertake their audit. You request their permission to contact their previous auditor, but they refuse. (b) A colleague is compiling a database of industry operating statistics across a range of industries, that they intend to publish. They have requested you provide them with access to financial details of several of your audit clients. (c) An aunt has died and in her will she has left you shares in one of your audit clients. (d) You find out that a corporate finance partner in your firm has been approached by an audit of client of yours to assist them with determining a fair value range of a business they are considering purchasing. (e) Your son is the accountant of a chain of fitness centres. They are considering changing auditors and he has suggested to his board of directors that they approach you as a potential new auditor. For each situation explain the specific concern you would have and TWO actions you should take. Please answer together in a TWO column format. Specific Concern a) b) d) Actions 1. 2. 1. 2. 1. 2. 1. 2. 1. 2.