Exam (elaborations)
CBC1501 Assignment 4 Semester 1 2023 (820546)
- Institution
- University Of South Africa
CBC1501 Assignment 4 Semester 1 2023 () 100% TRUSTED workings with detailed Answers for A+ Grade.
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CBC1501ASSIGNMENT 3 SEMESTER 1 2023
,QUESTION 1
ESSAY WRITING [25 marks] SCENARIO
Ethics and standards in accounting exist to protect the public from unscrupulous
corporations and accountants who hide or misrepresent information. Certainly, not
all accountants are unethical, but when proper ethics are breached, the
consequences can be disastrous. In 2017, the widely publicised allegations raised
concerning auditing firm KPMG South Africa's work on behalf of the Gupta family
and work performed from 2014 to 2015 on the 'Report on Allegations of Irregularities
and Misconduct', which KPMG South Africa produced for the South African
Revenue Service, left the organisation's reputation in tatters. This had widespread
implications for the organisation's business prospects, turnover and the job security
of its employees. Therefore, it is evident that ethics continue to play an important
role in the field of Accounting.
Given these developments in the industry, AccounTrust Incorporated (Inc.) wish to
embark on an ethics training programme for its accounting department. The training
session will be conducted in collaboration with the South African Institute of
Chartered Accountants (SAICA) and will take place on the weekend of 17 to 19
November 2023 at Summer Place in Sandton, Johannesburg. From Friday morning
to Sunday afternoon, employees will be trained on a range of ethics-related topics.
This training session will be facilitated by a group of 10-12 specially selected
industry experts and academics who specialise in the field of ethics within
accounting. The training will be divided into different sections: o On Friday, a range
of topics from accounting legislation, SAICA ethics charter, company policies and
procedures as well as ethical communication will be covered o Saturday will involve
practical exercises where delegates will be applying the content covered on Friday,
through case studies, scenarios and financial reporting. o Finally, on Sunday
morning there will be a recap and evaluation session before delegates leave. The
training programme will be interactive and employees will be grouped into teams to
encourage teamwork and promote interpersonal communication.
, It is important for employees to attend so that all members will be equipped with
the skills and knowledge needed to function ethically in the accounting
department team.
Page | 7 INSTRUCTIONS o Read the scenario provided above before
attempting to answer this question. o Plan and write a 500-600 word descriptive
essay on the ethical challenges in the workplace, using the scenario as a
backdrop for your discussion and build on this with discussions of other current
ethical challenges in the field of accounting.
o Use the correct format and structure for a descriptive essay, which should
include evidence of brainstorming and planning, as well as an appropriate
heading/title for your essay o Begin your essay with an appropriate introduction,
define ethical workplace behaviour, discuss four elements of ethical workplace
behaviour, and discuss ethical workplace messages. Integrate your discussion
with examples of ethical or unethical workplace behaviour in one or two
organisations.
o You must use several sources of information for this task. We have provided a
list of additional articles for supplemental reading and examples provided below.
You may use different resources, if you wish, to supplement your arguments. o
End your essay with an appropriate conclusion
o The mark allocations simply give you an indication of what is expected of you
within the essay and do NOT indicate section breaks within the essay.
o The scenario provides you with a relevant context and a starting point for your
discussion, but it should NOT limit your thinking. Nonetheless, remain within the
scope of the topic
o You must provide theory and provide practical examples o Marks will be
deducted should plagiarism be detected.
Where large portions of the text have been plagiarised, you will receive 0% for
this question and may be subjected to disciplinary action. Read and make sure
you understand all the information on plagiarism and academic writing in Tutorial
Letter 301 (CMNALLE/301).
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