Question
you are currently puruing your bachelor of commerce at deakin. at the same time you complete a work intergrated learning unit with a medium sized
you are currently puruing your bachelor of commerce at deakin. at the same time you complete a work intergrated learning unit with a medium sized accounting pratice. the firm has been so impressed with your work that they offered you a position in the finance department. the firm is known for its famous client many of are celbrities and their repective families and friends, as a young employee you wnt through a diffficult slection crieterion to successfullly fill a very sought after an compeetitive position as junior adviser analyst, your supervisor junet kany is also proud of you as an ececutive and top senir or adviser at the firm junet takes time to personalty mentor and train new rcruits to make sure they become familiar and comfortable with their role and with the firm cultur. junet inites you rgularly to his home for dinner and you also regularly help him out as family friend.During one of the visits,you meet a person by the name Ngocm a few months into your job you learn that the psoiton of internal audittor was filled by none other than Ngoc herself.This is surprising to you at first, but as the weeks go bu it doesnt seem unusual to youm especially given the professionalism shown by both junet and in the workplace,Both junet and ngoc are able to separate their personal life from their professional ngaggement due to a family disruption you recently approched junet for personal loan $20000 Junet was quick to help you saying " you never know when you need a friend" while the firm has achieved success in some areas there were some ongoing issues that have appeared to have gotten worse since the time you joined, the firm was subject to a join investigation by two top media outlets, which uncovered a story that the firm had several elderly clients who had since faced financial difficulty due to being recommended risker investment porudct by the firm, you also kow that the firm has several clients invested n self managed supernnuation fund, the firm charge an average $5000 for an accounting work on each fund, Each SMSF has to be audited by an independent auditor.the auditor used by the firm usually takes your team out for lunch ofter as an" thanks ' for uptting wor ktheir way through Ngoc, The auditor joked that lunch was within his informal arrangement to give back 5%of the fees that came his way from the firm,=, one afternoon junet asked you to urgently assist a client to start a superannuation account with an industry super fund, After some analysis, you notice that client has $180000 in this account, You realise that the client was short of the $250000 which the firm considered the apppropriate minimum to make an SMSF cost effective. A meeting with the client has been scheduled for the next day, As you go through the files you discover that his new client is your former favorite mathematics teacher. You know that the teacher is disabled ater being invlved in terrible car accident somtime back. You are face dilemma with a rage of issues, You feel you need to make use of all your training and education in ehtic to reach and justify a responsible and ethical decesion, what do you do?
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