2.7% Peter is a qualified accountant who works for a major manufacturing company. He was involved in the
following incidents recently. For each incident, explain
whether Peter has acted properly in accordance with
professional accountancy ethics. If you think that Peter
is in breach of a fundamental ethical principle, state
which principle has been breached.
Tal Peter's Managing Director has asked him to
prepare a forecast of production costs for I
the next three months. As he is preparing the
forecast, the Production Manager visits him to
discuss the forecast The Production Manager
tells Peter that unless he can reduce his
forecasts of costs by about 5%, the Production
Manager will get into serious trouble with the
Managing Director Peter and the Production
Manager have been good friends for several
years, and Peter agrees to do what he can to
reduce the forecast costs