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You are a financial accountant and your Managing Director (MD) has asked you to join a team planning a takeover of one of your

 

You are a financial accountant and your Managing Director (MD) has asked you to join a team planning a takeover of one of your company's customer's business. An old school friend works as an accountant for the customer concerned. The Managing Director is aware of your relationship with the customer's accountant and has asked you to try and find out anything that might help the takeover succeed but it must remain a 'secret'. Required: Review and evaluate this situation and explain three (3) ethical issues which arise?

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