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3. Are there other financial matters that should be considered… 3. Are there other financial matters that should be considered before accepting 4- Airlines as a client?4. Besides financial matters, other aspects should be considered before accepting 4- Airlines as a client. What non-financial matters mentioned in this case study could be relevant for the client acceptance decision? How important are each of these nonfinancial matters?5. 4-Airlines expects that Europestars will help to optimize the new IT system. What are the pros and cons when an audit firm provides both auditing and IT consulting services? Discuss whether European regulation and the IFAC code of ethics will allow Europestars to help 4-Airlines with their IT system and at the same time to carry out a statutory audit of the financial statements.6. As indicated in the case, one of the partners in another firm of the ‘Allstars’ network has invested in a venture capital fund that owns shares of 4-Airlines Equity. Does this fact violate the auditor’s independence? Discuss why or why not, and consider the consequences. Accounting Business Financial Accounting

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