Question 3 (30 marks) SECTION A (15 marks) Pat Bright was an audit trainee on the audit of Major Motors Ltd, a large distributor of Jeep vehicles. The company recently ran a competition as part of a marketing and social responsibility campaign. For a R5 donation, a member of the public could obtain a ticket to the competition. The competition required entrants to estimate how many inflated mini-footballs could be packed into a Jeep Wrangler. Very few, if any, correct estimates were expected as the Jeep Wrangler has numerous storage compartments etc. where the mini-footballs could be placed. The first correct or closest entry drawn, would receive N$80 000 in cash and four tickets to the upcoming concert of an 2020 FIFA World Cup Whilst physically inspecting new vehicles in the showroom, Pat Bright overheard the media and marketing manager dictating a letter about the competition to his secretary. At the end of the afternoon when the media and marketing manager and secretary had left, Pat, suspecting that the answer to the question might be in the letter, entered the secretary's office, went through a file marked "confidential" which was in her top drawer, and found the correct estimate". He immediately phoned his girlfriend, told her to buy four tickets to the competition in her name, one with the correct answer which he gave her, and three with the incorrect answer. Page 11 of 15 When the competition draw was made, his girlfriend was declared the winner. On Pat's insistence, she sold the concert tickets, and with the N$80 000 the two of them went on Crusie Ship REQUIRED: Discuss the above in terms of the SAICA Code of Professional Conduct (ET). SECTION B (15 marks) A prospective client (none of the partners know him) has enquired as to whether we will look after a large sum of money he is expecting to receive shortly. He informs us that he is going on a nine month hike across Kilimanjaro and will not be able to look after these funds himself. He says that the money will be transferred to the firm's bank account on 31 October and that we can invest it as we see fit". The fee he is offering is very, very generous. REQUIRED: Can you advise us of any Code of Professional Conduct requirements we should be aware of? (15 marks)