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Peter Gitman is the Senior Relationship Manager at the ABC Wealth Management Company which provides...

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Accounting

Peter Gitman is the Senior Relationship Manager at the ABC Wealth Management Company which provides financial planning advisory to high net worth customers. One of his customers Linda Scott told him that she is thinking of giving approximately HKD500,000 to charity to reduce her income taxes. Peter is also the member of the executive committee of the Lovely Home for Seniors, a charity organization providing services to the elders. The organization is planning its fundraising activity for the year. Peter recommends that the President of the Lovely Home for Seniors call on Linda and ask for a donation in similar range.

Comment the action taken by Peter Gitman according to the professional and ethical standards. (15 marks)

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