Jimmy Ford is an audit manager for Fitzgerald & Milhouse Chartered Accountants (F&M). Jimmy has been informed that the firm has plans to promote him to partner so long as he continues his good work. Jimmy has an array of talents that the firm admire. Jimmy has bought a new house, is a member of various clubs and generally confident about the future. Jimmy is assigned to the audit of Engines International Ltd (EI), one of F&Ms biggest clients. El use a questionable method of recognising revenues which has been investigated by ASIC. Jimmy concludes the method is not appropriate for El. Jimmy discusses the matter with the senior audit partner. The senior audit partner tells Jimmy that the method has been used for 10 years and is appropriate. The partner is also of the view that F&M will lose El as a client if they are challenged about the use of this method. Jimmy argues that while the method was okay in the past, the ASIC investigation has changed matters. Jimmy then tells the partner he accepts her decision but plans to include a dissenting statement in the audit working papers. The partner tells Jimmy she is not willing to permit such a statement, but that she is willing to write a letter to Jimmy acknowledging full responsibility for the audit. The audit partner concludes by informing Jimmy that she is not comfortable with making him an audit partner and that he needs to grow up. Required Using the AAA ethical decision model, as outlined below, explain the ethical issues involved here and recommend a course of action for Jimmy. (10 marks) 1. Determine the facts 2. Ethical issues 3. Identify the major principles, rules, and values 4. Specify the alternatives 5. Compare values and alternative-clear alternative? 6. Assess the consequences 7. Make a decision One of your clients, Jordan Bull Limited, is a leading manufacturer and distributor of playground equipment. It wants to improve the way it produces and uses internal information to make production decisions and is considering the implementation of a new Enterprise Resource Planning System (ERP), with a centralised database, known as Wang 3000. There is however significant conflict between the CFO, Boris Collins, who will be responsible for the implementation and the CEO Sanjay Gunasekera. Sanjay is claiming that Boris has not undertaken enough research into alternative ERP options, nor has he adequately planned the implementation of the ERP. Boris responds that Sanjay has not provided him with enough resources to undertake the research and implementation tasks ERP properly and wants him to fail so he can be sacked. Required Advise Jordan Bull Limited on: a. three advantages of an implementing an ERP. (3 marks) b. three risks of implementing an ERP. (3 marks) c. strategies to resolve the conflict between Boris and Sanjay to maximise the chances of a successful ERP implementation. (4 marks)