You are an assistant manager at Ella & Partners and have been allocated to the audit of Leafy Co, a listed company which has been an audit client for ten years and specialises in manufacturing and selling essential oils. Zac Hough was the audit engagement partner for Leafy Co and as he had completed seven years as the audit engagement partner, he has recently been replaced by a new partner.

The current audit engagement partner has suggested that in order to ensure Ella & partners maintain their expertise on the audit, Zac Hough could take on the role of Engagement Quality Control Reviewer this year.

The total fees received by Ella & Partners for last year amounted to 17% of the firms total fee income. The current years total fee income for audit and nonaudit services is expected to be higher than last year. The audit senior manager for Leafy Co has just announced that he is leaving Ella & Partners to join Leafy Co as a management accountant.

Which TWO of the following are fundamental principles as stated in the Code of Ethics and Conduct?

1. A Objectivity

2. B Professional scepticism

3. C Professional judgement

4. D Independence

5. E Confidentiality