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Bahir Dar University Submission Date: Final Exam Date

College of Business & Economics


Department of Accounting & Finance

Individual Assignment for Professional Ethics in Accounting and Finance (11%)


Case I

A director of finance has recently retired, and she has decided to become a self-

employed consultant.

In her first roles since retirement, she is filling an interim manager/consultant position in

two organisations neighbouring her previous employer.

She has been employed due to her previous senior officer experience and her

understanding of the local area.

The work being completed will include reference to politically sensitive and confidential

information that cannot be shared between clients. However, she is aware of

confidential information from her previous role that would be beneficial to both projects

she is working on.

A. Identify Ethical principles involves and discuss their relevance?

B. Identify Threats to ethical principles involves and safeguards which could apply?

C. Give / Suggest Possible Course of Action?

Case II

A second-year trainee accountant is due to go on study leave. However, he has been

told by his manager to complete some complicated reconciliation work before his leave

commences, because a more senior colleague is on long-term sick leave. The deadline

suggested is unrealistic, given the complexity of the reconciliation work. The student

feels that he is not sufficiently experienced to complete the work as he would need
additional supervision to complete the work to the required standard. The manager is

unable to offer any additional support. If he completes the work within the deadline

suggested, he will be unable to meet the expected quality standards of his work and

could face repercussions on his return. He feels threatened and intimidated by the

deadline given.

A. Identify Ethical principles involve and discuss their relevance?

B. Identify Threats to ethical principles involves and safeguards which could

apply?

C. Give / Suggest Possible Course of Action?

Case III

You are one of three partners in a firm of accountants. Five years ago the firm was

appointed as external accountants to a young, successful and fast-growing company,

engaged to prepare year end accounts and tax returns. The business had started trading

with a handful of employees but now has a workforce of 200, while still remaining below

the size of company requiring a statutory audit. Due to your close relationship with the

directors of the company (who are its owners) and several of its staff, you become aware

that staff purchases of goods manufactured by the company are authorised by

production managers, and then processed outside the accounting system. The proceeds

from these sales are used to fund the firm’s Christmas party.

A. Identify Ethical principles involve and discuss their relevance?

B. Identify Threats to ethical principles involves and safeguards which could

apply?

C. Give / Suggest Possible Course of Action?


Bahir Dar University
College of Business & Economics
Department of Accounting & Finance

Group Assignment for Professional Ethics in Accounting and Finance (12%)

Instruction: Go through the following materials and provide answers for the question:

 Public Procurement proclamation (available at MoFED Web Site)


 Public Procurement Directive (available at MoFED Web Site)
 Public Procurement Regulations (available at MoFED Web Site)

A. What procurement methods are available for public procurement under Public

Procurement Proclamations?

B. Explain briefly each procurement methods and discuss their application in our

country? Support your discussion with local examples.

C. Discuss National Competitive Bidding Procedure as one of a public procurement

method, such as what information that the publication of an invitation to bid shall

contain?

N.B

1. Submission Date: Final Exam Date


2. Each Group Members: ≤ 5
3. Report Pages: ≤15
4. Cover page - Mandatory
5. Table of content - Mandatory
6. Only Handwritten works marked
7. In-text- citation - Mandatory
8. List of reference -Mandatory

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