1b Select the FOUR factors below which are particular features of a profession as compared with an occupation. Qualifications required Continuing professional development Training requirement Ethical codes of conduct Self-regulation Highly valued services Licensed practice Highly skilled Shakira recently joined a company that sells goods online as a bookkeeper. Shakira was referred to this employer by her cousin Aze who works in the same company as a senior manager in the purchasing department. After a few weeks in the job Shakira became aware that her cousin was approving purchase orders from some suppliers at higher prices and financial inducements from the suppliers were transferred to her private account. This was not known to anyone else in the company. Realising that this practice was resulting in higher purchase prices to the company, Shakira was concerned about what she should do. Shakira had great respect for her cousin and also felt obliged to her for the excellent job reference she provided. She decided to keep quiet about the situation. During her induction in the new job Shakira was told by her line manager, the senior accountant, that as a responsible employee of the company it was her duty to inform him of anything that appears not to be in the interests of the company. Which TWO of the following principles are being threatened by Shakira's decision to keep quiet? Objectivity Confidentiality integrity Professional competence and due care Shakira recently joined a company that sells goods online as a bookkeeper. Shakira was referred to this employer by her cousin Aze who works in the same company as a senior manager in the purchasing department. After a few weeks in the job Shakira became aware that h cousin was approving purchase orders from some suppliers at higher prices and financial inducements from the suppliers were transferred her private account. This was not known to anyone else in the company. Realising that this practice was resulting in higher purchase prices the company, Shakira was concerned about what she should do. Shakira had great respect for her cousin and also felt obliged to her for the excellent job reference she provided. She decided to keep quiet about the situation. During her induction in the new job Shakira was told by her line manager, the senior accountant, that as a responsible employee of the company it was her duty to inform him of anything that appears not to be in the interests of the company. Which of the following threats to the fundamental principles are relevant to Aze and Shakira: Aze Shakira Both Aze of Shakira Neither Aze of Shakira Self-interest Self-review Advocacy Familiarity Intimidation OOO OOO NEXT Q5B (ii) Ahmed, a senior partner for a firm of accountants, is a member of the long-standing audit team engaged by a local supermarket. Two days into the current engagement, Ahmed and his family were invited to join the owner of the on his private yacht. Which THREE threats to the fundamental principles are involved? Intimidation Self review Familiarity Advocacy Self-interest MODULE LIST Q5B (iii) Ella works as a professional accountant at a small accounting practice. One morning she received a telephone call from the managing director of a construction company, asking if she could audit the company's financial statements. As Ella knew that her employer was already at full capacity taking on other new business, she accepted the new client relationship as a private personal assignment, without telling her employer. However, she overlooked the need to determine whether accepting the assignment would create any threats to compliance with the fundamental principles Which of the following is a suitable safeguard for Ella's employers to adopt against the threat to fundamental professional principles identified in question 4? O Recruit sufficient staff to take on all new business O Secure the client's commitment to complete confidentiality O Obtain better knowledge and understanding of the client and its business activities O Involve another firm to perform part of the engagement Activate Eight tasks need to be completed. From the list below, match the most appropriate form of communication with each task. Letter A formal disciplinary warning to an employee who has already received two verbal wamings relating to This conduct Notification to five colleagues of an urgent meeting that must take place in one hour's time Telephone Spreadsheet A detailed, confidential briefing on a new product specification and its proposed launch, to which all Tecipients will have to reier on a regular basis A brief, routine update on personnel changes in the accounts department Email Dialogue with an individual whose personal problems are affecting work performance Interview A routine meeting of heads of department located in five different countries Videoconference Breakdown of sales revenues and costs for the last Tour quarters Report Practical demonstration of how a new product operates Meeting 4713262 HELP MODULE LIST Q6B Katerina is the manager of an accounts department. She has responsibility for ten members of staff, five of whom are experienced and capable. The other employees are graduate trainees with less than two years' service, but with high potential. Katerina is familiar with all of the tasks that have to be completed by her department, and so gets fully involved in the work carried out by her team. She is respected by her subordinates, though they sometimes feel they should be permitted to get on with the work on their own. The graduate trainees occasionally complain that they cannot devote sufficient time to developing their own skills. Katerina's manager often requests that unexpected work be carried out, sometimes at short notice. Other department heads consult with Katerina frequently, to benefit from her knowledge and experience. New pressures have been created by Katerina's personal circumstances. She and her husband have recently decided to renovate their property and to do much of the work themselves, so she is now taking more of her annual leave entitlement than in previous years. She is also actively involved in the local residents' association and chairs the management committee of a badminton club. At her most recent performance appraisal, Katerina's manager acknowledged the good work that she did for the company, but suggested that she should become more organised as she considers that staff levels are adequate. Which FIVE of the following actions should Katerina take in order to improve her personal effectiveness? Request that more staff be appointed to spread the workload in her department Svate Ensure freedom from interruption during critical periods Stim Which FIVE of the following actions should Katerina take in order to improve her personal effectiveness? 4713262 HELP MODULI Request that more staff be appointed to spread the workload in her department Ensure freedom from interruption during critical periods Increase investment in training and development activities within her department Review the knowledge, skills and experience of her team to determine their capabilities Delegate authority to the staff who work in her department Immediately put all staff on overtime to cover additional workloads. Sacrifice some of her personal commitments in order to spend more time at work Inform the more experienced staff in her department that they are now fully accountable for more routine tasks Invest more time in prioritising her commitments on a daily basis Inform her manager that it is unreasonable to expect tasks to be completed at short notice