In relation to the shares that have been inherited by Mr Pease, which of the following safeguards should be implemented in order to comply with ACCA's Code of Ethics and Conduct?
1) An independent review partner should be assigned to the audit in order to oversee conclusions based on matters of judgement.
2) ABC Co must ensure that Mr Pease has no access to the audit working papers for HOL's audit and that he has no involvement with the audit engagement.
3) ABC Co should inform the directors of HOL that they cannot continue with the audit engagement and should recommend another audit firm to conduct HOL's audit.
4) Mr Pease should dispose of the shareholding in HOL at the earliest opportunity.
