Company A is a manufacturer of gaming machines. In a recent investigation by the Corruption Agency that they have been alleged to offer incentives to the members of the parliament to support a proposed bill which would allow increased number of gaming machines in licensed premises. However, there are still no charges to the company. The auditors of Company A were changed during the current year. The executive director of Company A was not happy with the change as the previous auditors had been auditing the company for the past 15 years. The director believes that a lot of time would be wasted in getting the new auditors to understand the systems and processes of the company. Required: Your audit partner has been just approached to accept the audit engagement of Company A. Outline the ethical, legal and other factors to be considered in the decision to accept the audit engagement for the current year and also outline possible steps which are necessary prior to the appointment.