You are a Chartered Accountant $($CA$)$ in South Africa, known for your expertise in auditing and financial

consulting. Tech Innovate $($Pty$)$ Ltd$,$ a reputable technology company, contacts you for a second opinion on

their revenue recognition accounting policy. They've been working with another auditing firm but seek an

independent assessment. Their CFO, Jane Adams, emphasizes confidentiality and professionalism. You

accept the task, recognizing the responsibility to provide an unbiased opinion that may impact Tech

Innovate's financial statements and credibility.

You are required to:

a$)$ Discuss the potential threats to your compliance with the fundamental principle of professional competence

and due care in this situation.

$(2$ Marks$)$

b$)$ Explain the ethical concerns and threats related to professional behavior that you need to be aware of

when giving a second opinion that differs from the opinion of the existing accountant.

$(5$ Marks$)$

c$)$ What steps should you take to ensure that your actions do not compromise your integrity and professional

behaviour when providing a second opinion?