Refer to the information in Exercise. Jon Blake, the cost analyst working in the CFO’s office at the Business School, learns that the building to be rented for the evening program is owned by a company in which the dean is a principal investor. After some research, Jon also identifies another comparable site, which rents for $75,000 per year.

Required
a. From the viewpoint of the IMA’s “Statement of Professional Practice,” what are Jon’s responsibilities?
b. What steps should he take to resolve this problem?