Kerry is a senior auditor and a member of the team auditing a long-standing client, the listed public company Darcy Industries Ltd. Kerry's wife's uncle died recently and his estate is being finalized. Kerry's wife has just received a letter from the executor of her uncle's estate advising her that she will receive a large parcel of shares in Darcy Industries Ltd. from the estate, in addition to cash and other property. Kerry and his wife didn't know that her uncle had included her in the will, and they had not realized that her uncle was a large shareholder in Darcy Industries Ltd. Kerry's wife is very worried because she knows that Kerry must abide by strict rules laid down by his audit firm about holding shares in client companies. She asks him if he will be dismissed because of this.
Required
Advise Kerry's wife of the options available to Kerry to avoid any conflict of interest, and thus avoid being dismissed from the audit firm.