Select the term from the PES 1 NZ(IAS) , which best describes the Ethical Principle compromised and write just the principle next to the statement.

(1) You are providing accounting services to your audit client.

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(2) You advice an audit client that you do not have to be registered under the Audit Regulation ACT as you only perform 5 audits a year.

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(3) You have not accepted the engagement, performed or reviewed the audit yourself but as Jack is a third year accounting student and a good friend of yours , you are happy to sign off on an audit that he has performed

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(4) Rebecca, who is now the CEO of Company Z was an employee of the firm performing the audit. One years ago she received the audit firm's award as their Star employee

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(5) You are the engagement partner and get a complaint from your client that one of the audit trainees on the audit have verbally abused the receptionist at the client company

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(6) Mr Nel, has offered to pay for your overseas holiday as he values your audit services.

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(7) Your husband overheard one of your audit trainees telling his barber that the company currently audited by your company, will in future merge with a competitor. This information is not yet public knowledge.

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8) While undertaking the audit of the client, you recommend a desperate unit your own firm to review the adequacy of the existing insurance coverage.

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(9) You obtained a significant amount of shares in Company X long before X became you audit client so believe there is no reason to get rid of these shares especially as they have just started to grow significantly in the last year.

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(10) Your client decides to provide you 2 weeks accommodation in one of their luxury resorts after you have already signed off on a successful audit. The client indicates that they will not let anyone in your firm know as long as you do not say anything

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