Hamka Sdn. Bhd. operates a chain of textile stores. Six months ago, the directors of the company approved a new business strategic direction for the company to improve profitability. The assistant accountant Encik Harris was asked to prepare the financial statements of the company. Bonus payments by the company for management staff, whilst discretionary, are based on the profitability of the company. In the process of preparing the accounts, Encik Harris discovered a substantial value of obsolete inventory. This finding was brought to the attention of his immediate supervisor, who advised him to ignore reporting the obsolete inventory. The company's profit will be adversely affected if this obsolete inventory is reported in the accounts. Discuss how the action of Encik Harris in failing to report the inventory as obsolete violated the standards of ethical conduct for accounting practitioners. ( Total / Jumlah: 20