Ms Trim has just been appointed a director of Discount Travel Pty Ltd, a large proprietary company which is a travel agent. Mr Abba performs the audit of Discount Travel in accordance with the relevant legislation. Mr Bond recently assisted Discount Travel in selecting and installing ABC Brand accounting software. 

ABC pay the firm a commission for every software package sold, and this fact was verbally disclosed to Discount Travel. In addition, Mr Bond has just performed a valuation of Discount Travel's business for the purposes of a Family Law Court dispute. 

Identify any professional standards and regulatory requirements which have been breached and explain the impact of the breaches?

Answer rating: 100% (QA)

There are several professional standards and regulatory requirements that may have been breached in ... View the full answer