remedial action now. When will your report be ready?" Key fundamental principles Integrity: How do you maintain your professional integrity: by responding only to the question asked or by Immediately alerting the finance director and the main board to the seriousness of the situation? Objectivity: Dons loyalty to the regional director, from whom your firm usually takes Instructions, outweigh your responsibility to the main board? If not, can you resist any feeling of Intimidation from the regional director that you may be experiencing? Confidentiality: Conlidentiality is fundamental to the assignment as a whole. But to whom Is the duty of confidentiality owed? Professional behaviour: The Information you have could assist the main board significantly with the discharge of its duties. Whether you disclose the information now or restrict the Information you provide pending a discussion with the regional director, how can you protect your reputation and that of your firm? Identify relevant ethical issues presented by consulting AICPA Code of Professional Conduct. In your mema response, please site specific sections from the Code of Conduct that you used to resolve the dilemma. f Outline of the case You weagued want in praction, and you leadaan providing agent consultancy services. In recent years your proches undertake n manufacturing efficiency Improvements formed . com opens through anumber of ons, but herp e scom significant controles with four sem nomous regional Grectors. The w a y of these director enhanced by their mats on the board You are lived godworking relation with the regionaler who are contact most frequently. There we go that replonectoresked yote Investigat, m erofurgens a particular project, Pro A He had beel d to be told Wo o fthey deferral of the agreed day date for the comment this s i te design and budna . Pred A comes with the region 's responsibility primarily because of the location of the factory that makes the key components Once on your team had discovered a range of difficulties with the righ fundamental design faults and extending deep into the manufacturing processo dear that various centru be breached, and ligation s y to follow. Your team has produced a priorited to actions and began working to establish e d schedule to take the project to completion Ata cent meeding you gave the regional director and the factory manager your state that the delay to Project A will be a mi m of three months. You indicated that direct costs are likely to be million tono milion. This before any po l ls for compensation On the instruction of the regional director, your team has been working on a formal report specifying detailed recommendations. W e incomplete the report appears carte support your previous estimates You are aware, from the financial press, that the group is rumoured to have difficulties with is bankers. You assume that the station with Project Ally to be seriously detrimental to the group's financial position One week before the final version of the report is due, you receive a surpre phone call from the group's finance director. He explains that he is about to enter a malbard meeting, but needs to know a date for delivery of the report on Project A Late the previous evening the regional director had informed the finance director that your firm had been asked to provide the report. He says "Tappreciate that you have only just started, so there are no b le estimates yet, but the regional director mentioned that Project Acould incur around 4 million to w i n extracosts, with income delayed by perhaps t he weeks. The regional Gradores sent his apologies to the board meeting, as he has to attend a family funeral. He ades: "Hapelully, the regional director is being cautious, but something does t out to be as wrong with Project Ass these numbers in the extra costs and deferred Income have serious implications for the group's cash flow. The Mboard need to start i ng remedial action now. When we your reporterady? Key fundamental principles (Part 3) Outline the conomies when t humberlang, but gant contrast with few mo re recher You gedwing here they are Tove on the face, the promote a r e e n t the One wek before the final version of the you no de towards ther even the directorud worde to provide the reports appreciate that you have only there are no real director antioned that Project could nourr Owneyed by wants propres to the board meeting the ha n d Hea Hopelthen restoring wrong with Pro us these numbers at the c wartea intors for the group show. The Mand i t o the was r edincome g loyalty to the roo m o Cafe Casin Professional below the n ation you could with the ido l Whether yourse the Information you provided with the mo protect your reputation and that of your the dern Hently relevant e presented by consulting AICPA Code of Po l and is your meme response, please specific sections from the Code of Condoshat you used to resolve the dilema