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Jose is a partner at Ramos & Co. His firm's biggest audit client is Madrid Co, a public interest entity. Jose has been the engagement quality control reviewer for the last two years on the Madrid Co audit. Before this he was the engagement partner for five years. In accordance with the ACCA Code of Ethics and Conduct, what action should Ramos & Co take in relation to Jose's involvement in the audit going forward? A. Allow Jose to remain as quality control reviewer for five more years and then ensure he is not involved in the Madrid Co audit for the subsequent two years. B. Rotate Jose off the audit altogether this year and ensure he is not involved in the Madrid Co audit for at least seven years. C. Rotate Jose off the audit altogether this year and ensure he is not involved in the Madrid Co audit for at least two years. D. Allow Jose to remain as quality control reviewer for two more years and then ensure he is not involved in the Madrid Co audit for the subsequent two years. |