profile-image Time remaining: 00 :09 :45 Accounting Black & White CPAs (B&W) are looking to grow. To expand its client base, it has developed an advertising strategy where it g1. Describe the steps that Black & White should take in relation to Clover: (i) Prior to accepting the audit (ii) To confirm whether the preconditions for the audit are in place 2. State FOUR matters that should be included within an audit engagement letter 3. (i) Identify and explain FIVE ethical risks which arise from the above actions of Black & White & Co; and (ii) For each ethical risk explain the steps which Black & White & Co should adopt to reduce the risks arising.