P7 P7 All notes

When withdrawing the auditor must
Discuss the reasons for WITHDRAWING with the appropriate level of management
Consider any professional or legal requirements to report his withdrawal
When to Withdraw From the Engagement

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The 5 fundamental principles of the ACCA Code of Ethics must be
followed
The 5 Fundamental principles and what they mean
1.  Integrity
Be straightforward and honest in all professional relationships
2.  Objectivity
No bias or conflict of interest influencing your business judgements
3.  Professional Competence & Due Care
Keep up your professional knowledge and skill so as to give a competent professional service, using current developments and
techniques
Act diligently and within appropriate standards when providing professional services
4.  Confidentiality
Don't disclose any confidential information to third parties without proper and specific authority
You can, however, if there is a legal or professional right or duty to disclose
Obviously never use it for personal advantage of yourself or third parties
5.  Professional behaviour