1
WRITTEN COMMUNICATION
Four (4) marks are allocated to the quality of your written communication and adequate referencing
throughout this exam paper.
This includes appropriate spelling, grammar, legibility, understandability and clarity of expression.
You are expected to provide in-text referencing for any direct quotes that you use, following the
APA style. A list of references is not required.
Apart from direct quotes, all answers should be in your own words.
(4 marks)
AYN458T1.Sample cont/…
, 2
PART A
ANSWER ONE (1) OF THE FOLLOWING QUESTIONS
QUESTION 1
I need your advice on an anonymous basis. I am a professional accountant employed by a company
that imports bikes from China. Before I get into the issue, I wish to advise you that I really need this
job, as I am a single mother of two teenagers, and jobs like the one I have are hard to come by in the
area where I live.
I recently discovered that the company exploits a loophole in importation laws to avoid paying the
mandatory import duty on the bikes it imports. Last week, the president of the company asked me to
prepare and provide him with a statement of the duty avoided on the purchase of these bikes for the
past three years. He also asked that I sign off on this statement. When I told him that I wasn’t
entirely comfortable with signing the statement, he immediately moved the discussion to our annual
bonuses and how they are dependent upon good performance evaluations.
The statement that I prepared and presented to him showed that approximtely $200,000 in customs
duties has been avoided by the company in the period covered.
Since I prepared that statement, I am having trouble sleeping at night.
[Adapted from Brooks & Dunn (2018), Business and Professional Ethics for Directors, Executives
& Accountants, Cengage Learning, Boston, MA]
Required:
Explain how the Code of Ethics for Professional Accountants can be applied to this case.
Your answer should include reference to both the fundamental principles and the conceptual
framework approach.
Apart from direct quotes, all answers should be in your own words.
(9 marks)
Write your answer here (you can use as much space as you require)
Normally in code of ethics we focus on public’s interest, fundamental principles and conceptual
framework.
AYN458T1.Sample cont/…
WRITTEN COMMUNICATION
Four (4) marks are allocated to the quality of your written communication and adequate referencing
throughout this exam paper.
This includes appropriate spelling, grammar, legibility, understandability and clarity of expression.
You are expected to provide in-text referencing for any direct quotes that you use, following the
APA style. A list of references is not required.
Apart from direct quotes, all answers should be in your own words.
(4 marks)
AYN458T1.Sample cont/…
, 2
PART A
ANSWER ONE (1) OF THE FOLLOWING QUESTIONS
QUESTION 1
I need your advice on an anonymous basis. I am a professional accountant employed by a company
that imports bikes from China. Before I get into the issue, I wish to advise you that I really need this
job, as I am a single mother of two teenagers, and jobs like the one I have are hard to come by in the
area where I live.
I recently discovered that the company exploits a loophole in importation laws to avoid paying the
mandatory import duty on the bikes it imports. Last week, the president of the company asked me to
prepare and provide him with a statement of the duty avoided on the purchase of these bikes for the
past three years. He also asked that I sign off on this statement. When I told him that I wasn’t
entirely comfortable with signing the statement, he immediately moved the discussion to our annual
bonuses and how they are dependent upon good performance evaluations.
The statement that I prepared and presented to him showed that approximtely $200,000 in customs
duties has been avoided by the company in the period covered.
Since I prepared that statement, I am having trouble sleeping at night.
[Adapted from Brooks & Dunn (2018), Business and Professional Ethics for Directors, Executives
& Accountants, Cengage Learning, Boston, MA]
Required:
Explain how the Code of Ethics for Professional Accountants can be applied to this case.
Your answer should include reference to both the fundamental principles and the conceptual
framework approach.
Apart from direct quotes, all answers should be in your own words.
(9 marks)
Write your answer here (you can use as much space as you require)
Normally in code of ethics we focus on public’s interest, fundamental principles and conceptual
framework.
AYN458T1.Sample cont/…
