We are particularly aware of situations where conflicts of interest can arise when mandates are being carried out simultaneously at several competing firms.
Our first rule is to avoid intervention in sale and acquisition operations or mergers where we would face a conflict of interest on grounds of our presence as both auditor and adviser to the buyer, seller, or firms involved in the merger.
Where we audit several firms currently operating in the same sector, or when we are asked to do so, we adhere to the following rules: