5 (a) ‘In the case of an assurance engagement it is in the public interest and, therefore,

5 (a) ‘In the case of an assurance engagement it is in the public interest and, therefore, required by this Code of Ethics,

that members of assurance teams … be independent of assurance clients’.

IFAC Code of Ethics for Professional Accountants

Required:

Define the term ‘assurance team’. (3 marks)

5 ETHICS COLUMN(a) ‘Assurance team’■ All members of the engagement team (for the assurance engagement);■ All others within a firm who can directly influence the outcome of the assurance engagement, for example:– those who recommend the compensation of, or