Final Exam Doc.docx - Answer-1) As the IFAC Code of Ethics...

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Answer-1) As the IFAC Code of Ethics for Professional Accountant: -1) Section 150 Professional BehaviourAs it says that member must comply with relevant laws and regulation andthey used to avoid action or omission which may discredit the image of theprofession.As an auditor if they accept the gift it will be considered as a bribe which canbe used discredit their profession image. As it considered as a bribery whichis unethical in terms of Accounting Code of ethics.2) Section 110 IntegrityThey Should be straightforward, honest, and sincere while caring out theirprofessional and business relationship. They should be fair and truthful.As while we investigate the scenario Lin was not complying up with rules andregulation of the ethical accounting background and discredited the image ofthe profession.3) Section 130 Professional Competence & Due CareThe must attain and maintain professional and technical knowledge forclients or employers and required their diligence and appropriate trainingand supervision.4) Section 120 ObjectivityThey been professional and business judgement cannot be compromisedbecause of bias, conflict of interest or the undue influence of other which wecan see in the above scenario.
VARIANCE (AxB)(foreign mgmt)$ 288000PARENT CURRENCY 12960000 0.30 3888000(AxB)OPERATINGVARIANCE (AxA) 12960000 0.25 3240000--------------$ (648000)AS PER EXPENSE POINT OF VIEWEXPENSE EXCHANGE RATE DOLLAREQUIVALENT VARIANCELOCALCURRENCY (BxB) 9600000 0.302880000OPERATINGVARIANCE (AxB) 10080000 0.303024000(foreign mgmt)----------$ (144000)PARENTCURRENCY (AxB) 10080000 0.303024000OPERATING
VARIANCE (AxA) 10080000 0.252520000(HQ mgmt)-----------$504000

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Term
Three
Professor
NoProfessor
Tags
European Union, International Financial Reporting Standards, Mitsubishi, Mitsubishi Motors

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