CAS1501
Assignment 3 Semester 1 2025
Detailed Solutions, References & Explanations
Unique number: 142818
Due Date: 15 April 2025
C1. Reflect on your CAS1501 journey.
My experience with CAS1501 has made me realise how crucial ethical decision-making and
professional responsibility are in the accounting field, and I am more determined to act with
integrity and accountability in my future role as an accountancy professional.
C2.1 From ARTICLE 2 – First Wrongdoing
"KGMP employee Fikile Maake is accused of being dishonest as he allegedly stole R16.5m of
bursary funds meant for university students."
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, +27 67 171 1739
C1. Reflect on your CAS1501 journey.
My experience with CAS1501 has made me realise how crucial ethical decision-
making and professional responsibility are in the accounting field, and I am more
determined to act with integrity and accountability in my future role as an
accountancy professional.
C2.1 From ARTICLE 2 – First Wrongdoing
"KGMP employee Fikile Maake is accused of being dishonest as he allegedly stole
R16.5m of bursary funds meant for university students."
C2.2 From ARTICLE 4 – Second Wrongdoing
"It, however, emerged that Maake reportedly did not inform his current employers
that he was fired by KGMP as Maake allegedly fraudulently stated in his job
application at Denbank that he resigned from KGMP."
C3.1 From ARTICLE 2 – Three Charges
"Maake appeared in the commercial crimes court charged with theft, fraud and
money laundering."
C3.2 From ARTICLE 2 – How the Wrongdoing Was Implemented
"Maake [allegedly] misdirected funds meant for bursary recipients; instead of paying
university fees on behalf of students, the accused paid the money into bank
accounts belonging to friends and people who own companies, and the money was
then transferred to his personal bank account."
C3.3 Wrongdoing the Eagles Plan to Prosecute For
Money laundering
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is"
without any express or implied representations or warranties. The author accepts no responsibility or
liability for any actions taken based on the information contained within this document. This document is
intended solely for comparison, research, and reference purposes. Reproduction, resale, or transmission
of any part of this document, in any form or by any means, is strictly prohibited.
Assignment 3 Semester 1 2025
Detailed Solutions, References & Explanations
Unique number: 142818
Due Date: 15 April 2025
C1. Reflect on your CAS1501 journey.
My experience with CAS1501 has made me realise how crucial ethical decision-making and
professional responsibility are in the accounting field, and I am more determined to act with
integrity and accountability in my future role as an accountancy professional.
C2.1 From ARTICLE 2 – First Wrongdoing
"KGMP employee Fikile Maake is accused of being dishonest as he allegedly stole R16.5m of
bursary funds meant for university students."
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, +27 67 171 1739
C1. Reflect on your CAS1501 journey.
My experience with CAS1501 has made me realise how crucial ethical decision-
making and professional responsibility are in the accounting field, and I am more
determined to act with integrity and accountability in my future role as an
accountancy professional.
C2.1 From ARTICLE 2 – First Wrongdoing
"KGMP employee Fikile Maake is accused of being dishonest as he allegedly stole
R16.5m of bursary funds meant for university students."
C2.2 From ARTICLE 4 – Second Wrongdoing
"It, however, emerged that Maake reportedly did not inform his current employers
that he was fired by KGMP as Maake allegedly fraudulently stated in his job
application at Denbank that he resigned from KGMP."
C3.1 From ARTICLE 2 – Three Charges
"Maake appeared in the commercial crimes court charged with theft, fraud and
money laundering."
C3.2 From ARTICLE 2 – How the Wrongdoing Was Implemented
"Maake [allegedly] misdirected funds meant for bursary recipients; instead of paying
university fees on behalf of students, the accused paid the money into bank
accounts belonging to friends and people who own companies, and the money was
then transferred to his personal bank account."
C3.3 Wrongdoing the Eagles Plan to Prosecute For
Money laundering
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is"
without any express or implied representations or warranties. The author accepts no responsibility or
liability for any actions taken based on the information contained within this document. This document is
intended solely for comparison, research, and reference purposes. Reproduction, resale, or transmission
of any part of this document, in any form or by any means, is strictly prohibited.
