Write a short essay quoting three recent examples (2016 and 2017 only) to demonstrate how breaches of ethical standards were seriously treated by the professional organisation.
Required:
1) Explain why the penalties were imposed.
2) Referring to APES 110 standards (Code of Ethics for Professional Accountants), which sections should have applied to your three mentioned examples?
3) Were the penalties imposed by the accounting bodies sufficient? Give reason?