Just before lunch, Sunil, a petty cashier of a listed company, responsible for the petty cash book was asked by his manager for 30 from petty cash, because he needed to buy some groceries and had no time to get the necessary cash from his bank. To account for this, the manager suggested that Sunil record an entry for office window-cleaning in the petty cash book to match the money taken. They both knew that the window cleaner would be visiting the following morning, and always charged 30 for his work. Therefore, the manager could draw 30 from his bank account that evening, and replace the cash before the window cleaner requested payment. Sunil agreed to comply with his managers request because the company has no non-executive directors and the financial director resigned two weeks ago.

Required: Explain the ethical, quality control and professional issues, and matters arising in the situation, recommending appropriate actions to be taken?

(Total 25 marks - 2 marks per valid point)