(a)For each of the following ethical situations consider the fundamental principles of professional behaviour and:

-identify the fundamental principle at threat,

-identify the threat to the fundamental principle

discuss how the accountant involved should resolve the situation.

(i) At a party, an accountant speaks to another accountant, a person she has met for the first time, and says that she is amazed at the loss of her employer.She mentions the name of the employer and the results have not been released to the public yet

Fundamental principle:

Threat:

Resolution:

(i)You are the CFO and have been asked to evaluate and choose a vendor to complete repair work from tenders in the company that you work. On looking through the tenders, you realise that one of them has come from your brother who you know is in serious financial troubles and could really do with the money.(4 marks)

Fundamental principle:

Threat:

Resolution: