Helena & Co is an eight-partner assurance firm which has been asked to consider taking onthe statutory audit of two separate companies:(1) Titania Co, a listed company, requires the assurance firm to prepare, as well asaudit, the financial statements.(2) The finance director of Puck Co, an unlisted company, is the brother of one of thepartners of the assurance firm.What are the correct actions for Helena & Co to take regarding the potential auditclients?
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