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I am having trouble with this question in my management accounting class. We are looking at Code of Ethics and if these scenarios go against

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I am having trouble with this question in my management accounting class. We are looking at Code of Ethics and if these scenarios go against them. Can I get help?

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PROBLEM 1-1 Applying Professional Responsibility [L03 CC5] As a professional accountant, you adhere to the code of ethics set forth by the International Federation of Accountants [see Appendix 1A}. Keeping the IFAC Code in mind, determine if there are any clear ethical considerations in the following scenarios: a. Cleo Patra is the managerial accountant for a multinational company. An industry stock analyst has invited her to spend two weeks in Aruba at no cost to her. In return for this favour, Cleo would send him any nancial press release before it became public. b. Your company is a large multinational highly esteemed by investors. The shares are overpriced in your opinion. As the managerial accountant, you know that the companfs earnings cannot sustain investor expectations, and you believe that the share price will fall dramatically within the next year. Your parents are thinking of investing a large part of their retirement income in the company. Do you tell them not to, on the basis of what you know? . Professional Behaviour Chartered Professional Accountants conduct themselves at all times in a manner which will maintain the good reputation of the profession and serve the public interest. . Integrity and Due Care Chartered Professional Accountants perform professional services with integrity and due care. . Objectivity Chartered Professional Accountants do not allow their professional or business judgment to be compromised by bias, conflict of interest, or the undue inuence of others. . Professional Competence Chartered Professional Accountants maintain their professional skills and competence by keeping informed of, and complying with, developments in their area of professional service. . Condentiality Chartered Professional Accountants protect condential information acquired as a result of professional, employment, and business relationships and do not disclose it without proper and specific authority, nor do they exploit such information for their personal advantage or the advantage of a third party

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