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Your audit firm is currently advising one of its listed client companies Hallway Industries Limited...

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Accounting

Your audit firm is currently advising one of its listed client companies Hallway Industries Limited (HIL), on the companys $250m acquisition of one of its rival companies. You are the audit engagement partner for HIL. HILs Chief Executive Officer has requested you to arrange to include a short article in your audit firms next monthly newsletter explaining the merits of this take-over to its stakeholders.

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What will you do? Explain using the IFAC Code of Ethics for Professional Accountants. (5 marks)

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