Question: Glits Co ltd, a key client, is requesting a loan from its bank to fund a plant expansion project. This project is expected to enhance

Glits Co ltd, a key client, is requesting a loan from its bank to fund a plant expansion project. This project is expected to enhance Glits capacity by 20%. BDC & Co conducted market research and informed the board that Glits Co would be able to sell the increased output. Mr Namushe, the finance director, recently called you and requested a reference from your audit firm regarding Glits Cos capacity to meet its obligations and the feasibility of the business idea. Your audit team is getting ready to start the audit for the fiscal year that concluded on February 29, 2020. Discuss any ethical and professional matters raised in the above case

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