14. Mary is a graduate accountant working for a division of a large biscuit making company. Mary reports to Harris who is the director of that division. Harris reports to James who is the CFO (Chief Financial Officer). Mary has recently been made aware that certain large amounts of money have been flowing into and out of the main bank account which she suspects may be linked to money laundering. She has been told by Harris to not worry about these amounts as they offset each other every day and net out to zero with no effect on the financial statements. Which of the following is correct when applying the NOCLAR regime? A. Mary does not need to respond as the noncompliance with laws and regulations has not been proven B. Mary is aware of anti money laundering laws but states that as she is not a senior member in the organisation it is not her role to take the matter further C. Mary should alert Harris about the suspected noncompliance as she knows she must report to her immediate superior D. Mary should alert James about the suspected noncompliance as she knows she must report to the next level above her immediate superior 15. Compared with an accountant employed in business or by government, an accountant in public practice is uniquely concerned with: A. Professional behaviour B. Independence C. Objectivity D. Integrity 6. Which of the following is the least suitable to consult with when dealing with a major ethical dilemma? A. CPA Australia B. A close colleague C. Your immediate manager D. The internal auditors of your organisation