The managers of Quince Products (Problem 1-31) decide they will hire a management accountant to help them analyze the decision to expand their product line. They solicit bids from various accountants in the city and receive three proposals. In describing
Accountant A: "I have recently advised the symphony on how to raise money and therefore I know the local area well."
Accountant B: "I have advised several small firms on expansion plans."
Accountant C: "I have advised Pear Company [Quince's main competitor] and can share its experiences and insights with you."
All of the proposals have the same price.
Required:
Q1. As the accounting manager of Quince Products, prepare a memo recommending which accountant you would prefer to retain. Be sure to include your reasons.
Q2. Which, if any, of the accountants making a proposal are violating the IMA's code of ethics? What is (are) the violation(s)'?