Question 1 CIMA's code of ethics establishes a conceptual framework that requires a professional accountant to identify, evaluate, and address threats to compliance with the fundamental principles. The conceptual framework approach assists professional accountants in complying with the ethical requirements of this code and meeting their responsibility to act in the public interest. There are a variety of threats that can impact an auditors compliance to the fundamental principles of the code. List and explain these 5 threats 1.1 (15 marks) The fundamental ethical principles that all chartered accountants and registered auditors should comply with are laid down by the SAICA and IRBA code of professional conduct. You are required to identify and provide a brief explanation for each of the fundamental ethical principles 1.2 (10 marks)