参考号：EM131043

Code of Ethics

110.1 The principle of integrity imposes an obligation on all Members to be straightforward and honest in all professional and business relationships. Integrity also implies fair dealing and truthfulness.

110.2成员不得与报告，退货，通讯或其他信息认为该信息的信息：

(a) Contains a materially false or misleading statement;

(b) Contains statements or information furnished recklessly; or

(c) Omits or obscures information required to be included where such omission or obscurity would be misleading.

当成员意识到成员已经与此类信息相关联时，成员应采取步骤与该信息分离。

110.3如果成员就第110.2段中包含的事项提供了修改的报告，则将被视为不违反第110.2段。18

120.1 The principle of objectivity imposes an obligation on all Members not to compromise their professional or business judgment because of bias, conflict of interest or the undue influence of others.

成员可能暴露的情况下,120.2 may impair objectivity. It is impracticable to define and prescribe all such situations. A Member shall not perform a Professional Service if a circumstance or relationship biases or unduly influences the Member's professional judgment with respect to that service.

概念框架方法的应用独立

291.100段落291.104至291.159描述了特定情况和关系，这些情况和关系可能会对独立性造成威胁。这些段落描述了可能适合消除威胁或将其降低到可接受的水平的潜在威胁和保障措施的类型，并确定没有任何保障措施可以将威胁降低到可接受的水平的某些情况。这些段落并未描述造成或可能对独立构成威胁的所有情况和关系。公司和保证团队的成员应评估相似但不同的环境和关系的含义，并确定是否可以在必要时使用2beplay ued回归00.11至200.15段中的保障措施，以消除独立威胁或减少它们的威胁一个可接受的水平。

291.101段演示的概念ual framework approach applies to Assurance Engagements and are to be read in conjunction with paragraph 291.28 which explains that, in the majority of Assurance Engagements, there is one responsible party and that responsible party is the Assurance Client. However, in some Assurance Engagements there are two or more responsible parties. In such circumstances, an evaluation shall be made of any threats the Firm has reason to believe are created by interests and relationships between a member of the Assurance Team, the Firm, a Network Firm and the party responsible for the subject matter. For assurance reports that include a restriction on use and distribution, the paragraphs are to be read in the context of paragraphs 291.21 to 291.27.

291.102 Interpretation 2005-01 provides further guidance on applying the Independence requirements contained in this section to Assurance Engagements.

291.103帕raphs 291.104 to 291.120 contain references to the materiality of a Financial Interest, loan, or guarantee, or the significance of a business relationship. For the purpose of determining whether such an interest is material to an individual, the combined net worth of the individual and the individual's Immediate Family members may be taken into account.

220.1 A Member in Public Practice shall take reasonable steps to identify circumstances that could pose a conflict of interest. Such circumstances may create threats to compliance with the fundamental principles. For example, a threat to objectivity may be created when a Member in Public Practice competes directly with a client or has a joint venture or similar arrangement with a major competitor of a client. A threat to objectivity or confidentiality may also be created when a Member in Public Practice performs services for clients whose interests are in conflict or the clients are in dispute with each other in relation to the matter or transaction in question.

220.2公共实践中的成员应评估任何威胁的重要性，并在必要时应用保障措施，以消除威胁或将其降低到可接受的水平。在接受或继续客户关系或特定参与之前，公共实践的成员应评估企业利益或与客户或第三方关系所造成的任何威胁的重要性。

220.3取决于引起冲突的情况，通常必须使用以下保障措施之一：

（a）通知客户公司的商业利益或可能代表利益冲突并在这种情况下同意采取行动的活动；或者

(b) Notifying all known relevant parties that the Member in Public Practice is acting for two or more parties in respect of a matter where their respective interests are in conflict and obtaining their consent to so act; or

(c) Notifying the client that the Member in Public Practice does not act exclusively for any one client in the provision of proposed services (for example, in a particular market sector or with respect to a specific service) and obtaining their consent to so act.

220.4 The Member in Public Practice shall also determine whether to apply one or more of the following additional safeguards:

(a) The use of separate Engagement Teams;

(b) Procedures to prevent access to information (e.g., strict physical separation of such teams, confidential and secure data filing);

(c) Clear guidelines for members of the Engagement Team on issues of security and confidentiality;

(d) The use of confidentiality agreements signed by employees and partners of the Firm; and

（e）定期审查不参与相关客户参与的高级个人对保障措施的应用。

220.5 Where a conflict of interest creates a threat to one or more of the fundamental principles, including objectivity, confidentiality, or professional behaviour, that cannot be eliminated or reduced to an Acceptable Level through the application of safeguards, the Member in Public Practice shall not accept a specific engagement or shall resign from one or more conflicting engagements. 32

220.6公共实践中的成员已要求客户同意对另一方（也可能不是现有客户）采取行动，以解决各个利益处于冲突中，并且客户拒绝了同意，公共实践中的成员不得继续为造成利益冲突的事项中的一方行动。

QUESTION 1

(a) You are working as the CFO of Jeans Co. The company is currently seeking a new supplier for their goods. There are two main suppliers of choice, XYZ Ltd and ABC Ltd. The contract would be worth over $2 million in sales per annum to the successful supplier. You also own a large majority of the shares as shareholder in

XYZ Ltd.董事要求您提出建议。

Required:

讨论道德问题involved in this situation.

您作为经理的最佳行动是什么？

QUESTION 2

（a）评论以下三（3）个比率，并就实体的盈利能力，资产效率和流动性进行分析：

Ratio	2013	2012
Profit Margin	9%	12％
天库存	100	70
Days Debtors outstanding	65	45
目前的比例	2.7:1	1.9:1