Jack Roth is the Financial Controller at Fischer Enterprises Limited $($Fischer Enterprises$).$ In May $2024,$ Jack became aware of impairment indications relating to land and buildings owned by Fischer Enterprises. An independent valuer has provided a measurement of the asset$$s recoverable amount in June $2024,$ which would result in an impairment loss of $$1\mathrm{.}2$ million being recognised. Senior management of the company will share in a cash bonus, provided a $$2$ million profit after tax is achieved for the year ended $30$ June $2024.$ Jack is not entitled to this cash bonus as he is not considered senior management. Recognising the $$1\mathrm{.}2$ million impairment loss would prevent the $$2$ million profit after tax being achieved. Jack knows that senior management are determined for the target profit to be achieved for the year ended $30$ June $2024$ as no cash bonus was paid last year due to Fischer Enterprises not achieving that year$$s target profit. It is now $18$ June $2024.$ Jack has discussed the impairment issue with the Chief Financial Officer, who said to Jack that property prices frequently fluctuate. She recommended that it would be better to wait a few months to get an updated property valuation as she feels no impairment write down will be necessary. She said that, if property prices are still low after a few months, there will be more justification for recognising an impairment loss in the year ended $30$ June $2025.$ Jack Roth is a Chartered Accountant.

Required Identify and explain two $(2)$ key fundamental principles of the International Code of Ethics for Professional Accountants at risk for Jack Roth if he does not recognise the impairment loss in the year ended $30$ June $2024$ financial statements.