i. Ethical issues raised in the scenario:

• Independence: Yaw Manu’s partnership with Kwaku Assenso, the Finance Manager of Level Ltd, compromises his independence as an auditor since the finance manager is an officer of the company.
• Self-Review: Yaw Manu may need to review his partner’s financial work, creating a conflict of interest.
• Confidentiality: Joining the finance manager as a partner may lead to a breach of confidentiality, as Yaw Manu could gain access to internal financial information.
• Conflict of Interest: There is a direct conflict of interest, as Yaw Manu now holds a partnership with an officer in the same company he is auditing.
• Objectivity: His objectivity could be compromised, impacting the reliability of the audit. (5 marks)

ii. The auditor has the legal right to access all books, accounts, and vouchers of the company, including the minutes book, as per Section 133(a) of the Companies Act. This right ensures that the auditor can express an informed opinion on the financial statements.

• Denying access to the minutes book constitutes a limitation on the scope of the audit.
• Such limitations prevent the auditor from performing their duties effectively, leading to an incomplete audit.
• As a result, the auditor may be forced to extend audit procedures or issue a qualified opinion or even a disclaimer of opinion, indicating that the financial statements cannot be audited properly due to the lack of access to necessary records. (5 marks)

(Total: 10 marks)