CAS1501
ASSIGNMENT 6 SEMESTER 2 2024
UNIQUE NO.731393
DUE DATE: 29 OCTOBER 2024
, CAS1501
Assignment 6 Semester 2 2024
Unique Number: 731393
Due Date: 29 October 2024
Perspectives on Accountancy
C1:
My experience with CAS1501 has already made me realize that as an accountancy
professional, I will need to adopt a more ethical and socially responsible approach to
decision-making, ensuring that I not only understand financial practices but also the
broader impact of my actions on society.
C2:
"The basis of the criminal charges against Mr Gwarube stems from his failure to act in
the best interest of KiloWatt, resulting in significant financial loss."
C3.1:
Charges are considered "criminal" when they involve actions that break laws and harm
public interests, such as fraud, theft, or embezzlement. In the case of Mr Gwarube, his
actions are considered criminal because he allegedly violated legal duties as a director,
leading to substantial financial loss and possibly misconduct with public impact, which is
punishable under criminal law.
C3.2:
Source: Criminal Law in South Africa (your source may vary, but make sure to cite one
that discusses criminal behavior in the context of corporate duties).
C4:
"The accusation brought against Mr Gwarube by PICS is that he did not uphold his
fiduciary duty, leading to serious financial mismanagement within KiloWatt."