Case Study on Ethics in Accounting

Case

You have recently become Head of Finance at Compania B Inc , a company which provides catering services to the public sector. Your previous employer was a large public sector (PS Org)where, as finance manager, you had the opportunity to work on areas relating to financial accounting, procurement, contracts and bids. One of Company B's major contracts is with PS Org. The contract is now up for renewal, and Compania B Inc is preparing a competitive bid for this contract. You have been asked to lead the team responsible for bidding for this contract, but you are concerned that youmight breach confidentiality if you accept this assignment. You also suspect that your knowledge and experience of PS Org were seen as good reasons for appointing you tothe position at Compania B Inc.

You do not want to let your new employer down. The loss of such a major contract would have a significant effect on the financial performance of Compania B Inc and its performance-relatedbonus scheme for management.

Question. What ethical principles would you have to consider in this situation?Your response should consider any threats that might affect your ability to comply with the ethical principles.