Kerry is a senior auditor and a member of the team auditing a long-standing client, the listed public over bid for Blacklight Ltd. Kerry has a substantial shareholding in Blacklight through his self-managed superannuation fund. Kerry did not know about the takeover bid until he read it in the paper over breakfast one morning. 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 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.