question archive Question 3: (This question provides evidence against CILO 3)_25 Marks) Assume that you have been asked to provide a financial report about a new client
Question 3: (This question provides evidence against CILO 3)_25 Marks) Assume that you have been asked to provide a financial report about a new client
Subject:FinancePrice: Bought3
Question 3: (This question provides evidence against CILO 3)_25 Marks) Assume that you have been asked to provide a financial report about a new client. The client asked you not to set up a provision for doubtful debts to maximize the profit for the year and to improve its liquidity position. 3.1 3.2 Explain how to respond to the client with a valid justification covering your legal capacity. (9 Marks ) Discuss two (2) suspicious areas your response might be related to. ( 4 Marks) State six (6) important procedures which will ensure you to behave ethically in this matter if the new client was accepted. (12 Marks) 3.3
