Alana is an accountant at a public accounting firm. Eddy, Alana’s boyfriend, is currently studying a Bachelor of Commerce at an Australian university.

Alana’s supervisor, Michael, asked her to summarise some financial information of a major client, HOHO retail. Alana realised that the information could help Eddy to complete his assignment for an accounting subject. Although Alana was aware of the Code of Ethics for Professional Accountants, she felt sorry for her boyfriend who is attempting the course for the third time. Alana directly passed the information to Eddy without telling Michael.

Required

Use the above information to write a paragraph. In your answer, state two APES 110 Code of Ethics fundamental principles that have been violated and explain why each has been breached? Also, identify two potential threats and comment on each. (8 Marks)

Answer rating: 100% (QA)

APES 110 code of ethics are the codes issued by accounting professional and ... View the full answer