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A month ago, you started a new job in the finance department of a successful medium sized company, Glam solutions, withestablished presence around the country.
A month ago, you started a new job in the finance department of a successful medium sized company, Glam solutions, withestablished presence around the country. You have worked in a few companies and have reasonable experience in mostareas of accounting and finance. A few weeks in your new role, the head of procurement invited you to participate innegotiations to renew office supplies contract. The contractor happened to be one of your former employers. This isn't outof the ordinary you know that part of your new role is to discuss any important contract renewals with procurement toensure youre on the same page on budget and key contract clausesBefore the meeting, the head of procurement asks for your take on the contractor's recent financial performance andstrategy. She thinks that the company might be willing to compromise on price in return for better payment terms therehas been a rumour that the contractor has cash flow issues and needs to get some cash into the business quickly. Shereminds you that Glam solutions will benefit from saving some money on this contract and achieving such a goal with yourinvolvement will not go unrecognised by the directors. You still remember details about the contractor as you participated inwriting their financial strategy several months agoWhich of the following is the greatest threat that you as a professional accountant, should consider in deciding the bestcourse of action?
a Threat of conveying confidential information about your former employer.
B
Threat of being honest with the head of procurement
Cthreat of securing a good deal for Glam Solutions. x
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