Question $3$

During regular monitoring of one of your existing clients, you notice that the business has recently been acquired by a new shareholder.

Which of these actions aligns with a values$-$led approach to client evaluation?

Document the change in your engagement files, but do not re$-$evaluate as you already know the new shareholder.

Do nothing with the information since the client has already been evaluated and accepted.

Exit the client relationship without performing further research as the risk profile of the client has changed.

Document the information and initiate a re$-$evaluation so that the new shareholder can be appropriately considered.