- 10 Marks
MA – May 2021 – L2 – Q3b – Other aspects of performance measurement
b) The Estate Manager of Swift International Company was charged to coordinate the procurement process for the award of a contract to construct a warehouse for the company. In the process, the Chief Executive Officer (CEO) called on the manager to ensure the contract is awarded to Gyidi Construction Works, whose owner is the CEO's friend. When the bids were evaluated, Gyidi placed fourth in terms of responsiveness but being guided by the CEO’s directive, the project was awarded to Gyidi Construction Works. Being guilty of not acting professionally, the estate manager admitted that he had acted unethically. Required: Identify and explain FOUR (4) threats to ethical behaviour as a Management Accountant. (10 marks)
Question
b) The Estate Manager of Swift International Company was charged to coordinate the procurement process for the award of a contract to construct a warehouse for the company. In the process, the Chief Executive Officer (CEO) called on the manager to ensure the contract is awarded to Gyidi Construction Works, whose owner is the CEO’s friend. When the bids were evaluated, Gyidi placed fourth in terms of responsiveness but being guided by the CEO’s directive, the project was awarded to Gyidi Construction Works. Being guilty of not acting professionally, the estate manager admitted that he had acted unethically.
Required:
Identify and explain FOUR (4) threats to ethical behaviour as a Management Accountant. (10 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Ethical behavior, Professional Conduct, Threats to ethics
- Level: Level 2
- Topic: Other Aspects of Performance Measurement
- Series: MAY 2021