Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Titian is a management accountant specialised in the financial services industry, where he has worked for the 20 years of his career. All his work

Titian is a management accountant specialised in the financial services industry, where he has worked for the 20 years of his career. All his work has been focussed on financial services and, as he was always extremely busy, he did not complete any continuing professional development in the last 10 years.

Despite his lack of experience in other industries, Titian has applied for pro bono work preparing a report reviewing the effectiveness of a textile mill from the textile industry. When applying for this pro bono work, he did not disclose his lack of experience in the textile industry. Titian took the pro bono work because he needed some volunteer work in his curriculum vitae (CV) for applying for a promotion in his current job.

Required

  1. State two of the ethical standards, as provided by the Institute of Management Accountants (IMA) Statement of Ethical Professional Practice, which are being jeopardized and justify why these two standards are being jeopardized. (4 marks)

  1. Explain how applying for the pro bono work could be done without jeopardizing these two ethical standards. (4 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Understanding And Practice

Authors: Robert Perks

3rd Edition

0077124782, 9780077124786

More Books

Students also viewed these Accounting questions

Question

=+1. How will you measure awareness objectives?

Answered: 1 week ago

Question

=+2. How will you measure acceptance objectives?

Answered: 1 week ago

Question

What distinguishes craft and industrial unions from each other?

Answered: 1 week ago