CAS1501
Assignment 3 Semester 1 2025
Unique #: 142818
Due Date: 15 April 2025
Detailed solutions, explanations, workings
and references.
+27 81 278 3372
, 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
Varsity Cube 2024 +27 81 278 3372
Assignment 3 Semester 1 2025
Unique #: 142818
Due Date: 15 April 2025
Detailed solutions, explanations, workings
and references.
+27 81 278 3372
, 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
Varsity Cube 2024 +27 81 278 3372
