10:16 P N & . . . Q 4G Image Word 2/2 w3 Word is no evidence of any design work having started. The managing director laughs and replies that the money should be back in the hotel bank account by the middle of summer. He explains that the cheques are needed urgently to settle outstanding directors' loan accounts at the design studio, as its year end is approaching. Once the year end has passed, the money should be returned to the hotel company and a supporting credit note received._. Required: a) Elaborate readily identifiable ethical issues exhibited in the case. (5 marks) b) Expound on the key fundamental principles which the director violated. (5 marks) c) Discuss parties to be affected by director's actions. (5 marks) d) Advise financial accountant on ethical appropriate decision to pursue. (5 marks) e) Explain ethical theory which supports the decision of financial accountant. (5 marks) r L