Question 2

The manager for retail customers, Katie White, wants to hear your opinion regarding one business offer she has received from an entrepreneur who is starting a mobile phone app called Easy Money. The entrepreneur has offered Katie a partnership in the new business under the condition she shares with Easy Money all the RRB retail customers contact list. Katie will receive a commission for any person from RRB retail customers contact list who installs the phone app called Easy Money.

Required

Please state one of the ethical standards, as provided by the Institute of Management Accountants (IMA) Statement of Ethical Professional Practice1, which would be jeopardized by Katie White by accepting the business offer and justify why this standard is being jeopardized. (There might be more than one ethical standard being jeopardized but only one is required for this question). (Chapter 1, 10 marks)