Good evening Tutors, I would like to ask for a big help

1. You have found an error going back years that will have caused a loss to your supplier.

Scenario: Your firm has a contract with a supplier that is paid on the basis of a percentage of a volume of a

certain product. You have found an error going back three (3) years that will have caused a loss to the

supplier. You would like to address the issue openly and compensate the firm directly, but your colleagues in

management would prefer to adjust the forthcoming reports and make up the differences that way.

2. You are a member in practice and have been contacted by authorities with a request for information

concerning a client's accounts.

Scenario: You are a member in practice who has been contacted by a detective assigned by the Bangko

Sentral ng Pilipinas requesting for information concerning a client's accounts. Before you respond, you would

like to know your obligations in releasing this information and how it affects client confidentiality.

3. A vacancy has arisen and one of the candidates is the daughter of your cousin.

Scenario: A vacancy has arisen in the team where you are the financial manager. You will be interviewing

people in the final selection round, but one of the remaining candidates is the daughter of your cousin. The

successful applicant won't report to you, but should you be involved in the interviews?