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题干:The accountant has discovered that the finance director of Abby has purchased goods from a company, Arwight, which the director jointly owns with his wife and the accountant believes that this purchase should be disclosed. However, the director refuses to disclose the transaction as in his opinion it is an ‘arm’s length’ transaction. He feels that if the transaction is disclosed, it will be harmful to business and feels that the information asymmetry caused by such non-disclosure is irrelevant as most entities undertake related party transactions without disclosing them

题目要求:Discuss the ethical and accounting implications of the above situations from the perspective of the reporting accountant.

以下是我的答案:

company's director joined own with his wife is related party ,if related party exits related transaction should disclose nature of transaction and outstanding balance .

the finance director of Abby has purchased goods from a company, Arwight, which the director jointly owns with his wife,should disclose nature of transaction and outstanding balance the disclosure refused discloused compiance with entical ,may be mislead disision of investor

the finance director of Abby company with his wife joined own Arwight is related praty ,Abby has purchased goods from a company, Arwight,so exits related praty transction accordance to IFRS 32 should disclosed nature of related praty transction numbur ,and outstanding balance ,but,deirctor refused disclosed ,berch profession enthic and related party disclosed

If without disclosed maybe mislead user made true desision from financial statements ,Not fair presentation information of fianancial statements

我看了下我的答案与考官标准答案,差得太远了,

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