d. Sipho Majali ia a chartered accountant working as the financial director for a company called Electronic Sounds (Pty) Ltd. The company has been making losses recently due to stocking outdated sound equipment which has not been selling very well. The stock is selling so badly that Sipho suggested that they write it down to net realisable va ey write it down to net realisable value in order to comply with fair presentation. The CEO, Jack Malone, has refused that this be done as he says it will result in the company having a net liability position, which will look really bad to the shareholders. He is not willing to lose his bonus because of some "bogus" accounting requirements. He tells Sipho that if he doesn't keep his "silly accountant" mouth shut, he may be reading the classifieds for a new job very soon. You are required to: Discuss, in terms of the CPC, what threats to the fundamental principles of ethical behaviour are evident from the scenario above. (6)