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Section C - Answer all questions, Question 01 You are a trainee accountant in your second year of training within a small practice. A more

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Section C - Answer all questions, Question 01 You are a trainee accountant in your second year of training within a small practice. A more senior traince has been on sick leave, and you are due to go on study leave. You have been told by your manager that, before you go on leave, you must complete some complicated reconciliation work. The deadline suggested appears unrealistic, given the complexity of the work. You feel that you are not sufficiently experienced to complete the work alone. You would need additional supervision to complete it to the required standard, and your manager appears unable to offer the necessary support. If you try to complete the work within the proposed timeframe but fail to meet the expected quality, you could face repercussions on your return from study leave. You feel slightly intimidated by your manager and feel pressure to do what you can during the challenging times. Further the manager informed you that if you can able to complete the given reconciliation work without further delay, he will recommend you to the partner for a promotion and a pay raise. A. Discuss the key fundamental ethical principles for professional accountants that are most relevant to the above scenario. (10 marks) B. Explain the threats to independence faced by the you as the trainee accountant in the given scenario. (5 marks) C. Describe the ethical dilemma in the given scenario and discuss the possible course of action. (15 marks) (Maximum word limit - 600 words)

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