1. For each of the following situations, indicate which, if any, of the Standards of Ethical Conduct are violated. Give your comment/explanation on the circumstances. a) Frank Wright, an assistant controller, informs his sister, a financial analyst, that the company he works for will report record earnings in the coming quarter. Frank’s sister has given him some profitable tips in the past and he wants to repay her. b) In order to please his superior, Bart Roberts, an ambitious management accountant, slants an analysis on building a new factory that makes the project appear profitable when it probably will not be. His superior will be promoted to controller if the plant is built and told Roberts she “sure hoped the analysis would be favorable.”