Pha, a chartered eccountant in South Africa, Is appreached by a ollent to perform an audit on

pectallesed industry he has never worked with bofore and has no way of gaining the required

wel of knowledge about this specialized industry in time for the deadine of the engagement.

he client Insists on hiring Sipho due to his reputation In other sectors$.$ Sipho is aware of the

thatple of professlonal competence and due care and its importance in his profession.

that should Slpho do in this situation, according to the principle of profesalonal competence

nd due care for chartered accountants?

A$.$ Accept the audit engagement and learn as much as he can about the specialized Industry

as he conducts the audit.

B$.$ Accept the audit engagement without any reservations, assuming that hls general

auditing skills will suffice.

C$.$ Decilne the audit engagement, explaining that he lacks the specific competence required

for this specialized Industry.

D$.$ Accept the audit engagement but delegate it entirely to a colleaguo who might have some

knowledge of the industry.

Clear my choice