DDD has just issued a profit forecast in connection with a proposed take-over of a business. The take-over is strongly opposed by the target company. DDD’s Management Accountant played a large part in helping DDD’s Finance Director prepare the profit forecast. However, the Management Accountant believes that the profit forecast is overly optimistic and is based on some false assumptions. As a result the Management Accountant thinks the profit forecast is misleading. Select THREE of the actions below which are consistent with CIMA’s Code of Ethics.

DDD has just issued a profit forecast in connection with a proposed take-over of a business. The take-over is strongly opposed by the target company. DDD’s Management Accountant played a large part in helping DDD’s Finance Director prepare the profit forecast. However, the Management Accountant believes that the profit forecast is overly optimistic and is based on some false assumptions. As a result the Management Accountant thinks the profit forecast is misleading. Select THREE of the actions below which are consistent with CIMA’s Code of Ethics.
A . The Management Accountant should follow established internal procedures.
B . The Management Accountant should obtain advice from his professional body/bodies.
C . The Management Accountant should resign from his job.
D . The Management Accountant should maintain a discreet silence.
E . The Management Accountant should anonymously inform the media of his concerns.
F . The Management Accountant should publicly accuse the Finance Director of issuing a misleading profit forecast.

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Answer: A,B,C