Required 1. Analyse each of the four scenarios presented below. 2. Advise on the appropriate action that should be taken in each scenario. Ethics in practice - Audit Amanda CA joined an audit firm, KPL Chartered Accountants (KPL), after working as a financial controller at BizTech for two years. KPL has been engaged to perform the BizTech audit and Amanda is on the audit team. KPL's policy states that a person cannot be involved in an audit of their former work area for at least a year. As more than a year has passed since Amanda was in the Biztech Financial controller role, this is not a concern. During the audit, Amanda found several control deficiencies that she suspected had existed when she was responsible for that area. She also thought that if she reported the deficiencies, the current finance director of BizTech would likely say, 'but this was going on when you were here' She feared damage to her reputation if she put herself in the position of defending her previous work at Biztech; at the same time, she did not want to ignore the problem completely because it was clearly documented in her work papers. She reasoned that it was not certain whether or not the deficiencies were there at the time she worked at BizTech, and it was not considered important enough to include the deficiencies as a 'key audit matter' in the audit report as per ISA 701 Communicating Key Audit Matters in the Independent Auditor's Report. She is thinking to just mention it in the 'Other matters' section instead.Ethics in practice - Tax Kath Lowery is a CA employed as a Senior Tax Accountant by Hillston & Wheel, a firm of Chartered Accountants. During her employment at Hillston & Wheel, Kath becomes aware that one of her clients, Shark Hair Design, does not pay its employees correctly nor provides enough leave entitlements to employees. Kath raises the matter with Eden, a partner of the firm who is responsible for the client. Eden, also a CA, advises Kath that he does not want to take any further action in respect of the client, and warns that her job is at risk if she discloses or reports the matter. Kath is unsure of what to do. Ethics in practice - Financial reporting James CA is the Financial Controller of 876 International, an Australian based electronics company. 876 International imports electronics from United States and sells to the Australian market. They have five key suppliers they source products from in the United States. In November 2021, 876 International entered into a contract to purchase $100 million of electronics from a new supplier in the United States. They paid a 20% deposit, with the balance due on delivery date, being 31 January 2022. On 31 January 2022 James and the CFO of 876 International were contacted and were advised that the supplier had entered into liquidation and they would not be receiving their order. It is now 15 February 2022 and James meets with the CFO to review the draft accounts ahead of the half-yearly board meeting. He notices that there is no disclosure note relating to the contract with the supplier. He knows the loss resulting from this deposit is material. He also notices that there is no reference to the event in the board pack of key items for consideration that the CFO has prepared.Ethics in practice - Management accounting Cara Flanders is a CA and junior management accountant employed by Morgan & Magnum Chartered Accountants. Aron Magnum is a senior partner at Morgan & Magnum. During Cara's performance review, Aron advises her that she needs to increase her level of chargeable hours. Although Cara is already performing well compared with her peers, Aron communicates very clearly that her future with the firm will be under review if she does not accept additional work from him. This additional work includes a detailed cost analysis for Dragonfly Pool Estate, a client of the firm. Cara has not attempted a cost analysis of this nature before and is not comfortable that she possesses the necessary skills. However, she is aware that Aron, also a CA, has a reputation for terminating employees based on his subjective appraisal of their performance