a. Decision on Supplying Information:
I would not supply the bank transaction information of Sabona Limited to Oldie Limited. The reasons for this decision include:

• Confidentiality: As an auditor, there is a professional obligation to maintain the confidentiality of client information. Disclosing Sabona Limited’s bank transactions without their consent would violate this principle.
• Conflict of Interest: Providing such information could create a conflict of interest, especially since Oldie Limited is a client and may have interests that do not align with those of Sabona Limited.
• Ethical Considerations: Upholding ethical standards is crucial for maintaining trust and credibility in the auditing profession. Sharing sensitive information could undermine that trust.
• Potential Legal Implications: There may be legal consequences for breaching confidentiality agreements or failing to protect sensitive client information.

b. Fundamental Principles Issued by ICAN:

1. Integrity: Accountants should be straightforward and honest in all professional and business relationships.
2. Objectivity: Accountants must not allow bias, conflict of interest, or undue influence of others to override their professional judgments.
3. Professional Competence and Due Care: Accountants have a duty to maintain professional knowledge and skill at the level required to ensure that clients or employers receive competent professional service.
4. Confidentiality: Accountants must respect the confidentiality of information acquired during the course of their work and must not disclose any such information to third parties without proper authority.
5. Professional Behavior: Accountants should comply with relevant laws and regulations and avoid any conduct that discredits the profession.

c. Matters Affecting Independence and Integrity of the Auditor:

1. Financial Interests: Any direct or indirect financial interests in the client can impair the auditor’s objectivity and independence.
2. Family Relationships: Close relationships with clients, such as familial ties, may affect the auditor’s impartiality.
3. Provision of Non-Audit Services: If the auditor provides non-audit services to the client, it may create a conflict of interest and jeopardize independence.
4. Employment Relationships: If an auditor or audit firm employs former employees of the client, this could lead to threats to independence.
5. Long-term Association: A lengthy association with a client may create familiarity threats, potentially compromising the auditor’s ability to act objectively.