Economics · Professional Ethics and Auditing

According to the ACCA Code of Ethics and Conduct, when an external auditor faces a potential confidentiality threat arising from a conflict of interest between two clients, which TWO of the following safeguards should be implemented? 1. Inform the audit committees of both clients and obtain their consent. 2. Use separate audit teams with a common independent review partner. 3. Draft confidentiality agreements to be signed by the directors of both companies. 4. Prevent unauthorized physical and electronic access to the information of both audits.