(Project)

Go to the websites of the following professional accounting bodies: 1) American institute of

certified public accountants (CPA) (at www.aicpa.org); 2) Institute of management accountants

(IMA) (at www.imanet.org), or 3) You can also go to other professional accounting bodies of

any other country but make sure that the accounting body should be related with chartered

accountancy or cost and management accounting (for example the British CIMA). Search for the

ethical principles in each site and relate them to the situation below.

Required: Uploada report in which you,

1. Explain which ethical principles apply to the situation described below.

2. Advise Eimraan what he should do.

3. Advice the CEO what she should do.

Mr. Emraan Alexander is the Financial Controller of Al Ain Islamic Bank, a growing Islamic bank

headquartered in Kuala Lumpur, Malaysia. Eimraan is now considering purchasing a new cost

management software package for the bank's use in all of its branches. There are five major

competing products being considered by Eimraan.

Precious B2B is one of the software developers based in Palo Alto, California, under

consideration. It views Al Ain Islamic Bank as a very important target market. Every year Precious

B2B has a four days users' conference at the Jumeirah Palace Resort in Dubai, the United Arab

Emirates. Precious B2B offers Eimraan an all-expenses-paid to attend the conference. Eimraan

accepts the offer believing that it is very useful to talk to other users of Precious B2B software.

He is especially looking forward to the visit as he has a brother who lives in Abu Dhabi which is

near to Dubai.

Prior to leaving, Eimraan received a visit from the CEO of Al Ain Islamic Bank. She shows

him an anonymous letter sent to her. It argues that Precious B2B is receiving unfair favorable

treatment in the bank's software decision-making process. Eimraan is deeply offended. He says

he did not make any decision yet and believes he is very capable of making the software choice

on the merits of each product. Al Ain Islamic Bank currently does not have a formal written code

of ethics.