You are the tax manager in a firm of chartered accountants. A long-standing client, the managing director of a manufacturing company, asks you to include in the company's tax computation ₦8,000,000 described as "consultancy fees" paid to a company owned by his wife. No services were in fact rendered. He points out that your firm has acted for the company for twelve years and that the fee for tax services is due for renewal. Required: (a) Identify the ethical threats present in this scenario and the fundamental principles at risk. (8 marks) (b) Explain the steps you should take in responding to the request. (7 marks)