Answer Happy

QUESTION 3 Using a public sector organization as an example state and explain the cight (8) elving ethical issues. (20 Marks) QUESTION 4 a) Explain why each of the following actions appears to be in conflict with fundamental principles of professional practice: An advertisement for a firm of accountants states that their audit services are despre more comprehensive than a rival firm. 3) An accountant prepares a set of accounts prior to undertaking the audit of those couns. A director discusses an impending share issue with colleagues at a golf club dinner. The finance director attempts to complete the company's taxation computation following the acquisition of some foreign subsidiaries. (5) A financial accountant confirms that a report on his company is correct, even curghile report omits to mention some important liabilities. In your company what your colleague has asked you do includes what you believe to be misleading information in your forecast. Your analysis of a strategic proposal suggests that profitability will be improved by inaking (8) You can outsource your manufacturing to a country where labour costs are much lower Your country is allowed, legally, to dump its waste into a river. This will kill all pratic 30 people redundant life along a 50-mile stretch. (9 Marks) b) Explain your response to the following ethical threats: (1) Your employer asks you to suggest to a junior manager that they will receive a large caus for working overtime on a project to hide liabilities from the financial statements. (2) In selecting employees for a new division, you are advised to unfairly discriminate against one section of the workforce. (3) You have been asked to prepare the management accounts for a subsidiary located in South America in accordance with specific requirements of that jurisdiction. In response to your comment that you do not understand the accounting requirements of that jurisdiction, your supervisor states 'no problem, no one will notice a few thousand dollars' error anyway'. (Il Marks)