When Is Resignation Not Enoughâ€an Ethical Dilemma

When is Resignation not Enough—An Ethical Dilemma FACTS The case â€Å"When is Resignation not Enough† details an ethical dilemma encountered by Page Nolan. She left Smith, Jones, Brown (SJB) CPA firm in 1989, to go into private business. Anonymous Company (AC) hired Page as a controller. Page’s job requirements were to ensure accounting books of interrelated business were correct, income and expenses were properly recorded and assigned, and government requirements were met. Anonymous Company is owned in part or in full by the Green Family and comprised of twenty interrelated small businesses. AC was a client of SJB, and Ms. Nolan previously worked on projects for AC. At SJB, Ms. Nolan was involved with the review that was designed to†¦show more content†¦AC has not implemented a whistle-blowing system or compliance hotline, in fact, an ethics or audit committee does not exist. In general, the company does not have any fraud prevention program, code of ethics, or a committee to oversee the management of the company. Page Nolan took couple of steps to communicate the contradictions in the process; however, she was unsure of her professional and ethical responsibilities after not receiving the appropriate response. The following AICPA Rules of the Code of Professional Conduct apply to her ethical dilemma: ï‚ § Rule 102: Integrity and Objectivity ï‚ § Rule 202: Compliance with Standards ï‚ § Rule 203: Accounting Principles ï‚ § Rule 301: Confidential Client Information Ms. Nolan must comply with rules in order to pursue or resolve the questionable tactics utilized by Anonymous Company. ACCOUNTING ISSUES Financial statements must be prepared in accordance with Generally Accepted Accounting Principles to the interested users or stakeholders. GAAP are developed by Financial Accounting Standards Board (FASB), Federal Accounting Standards Advisory Board (FASAB), Governmental Accounting Standards Board (GASB), and American Institute of Certified Public Accountants (AICPA). These standard setting bodies make it possible for statements to be compared and stated accurately. It is important to have honest management and accounting firm to enforce these set of rules established by the governing bodies in order toShow MoreRelatedAn Ethical Dilemma Of Sexually Oriented Jokes1740 Words   |  7 PagesAn Ethical Dilemma Sexually oriented jokes were used in the workplace that forced the resignation of a younger employee. Looking at different ethical approaches to situations, this paper will see which approach may have been more useful in coming to a solution to this dilemma. Background LeSaint Logistics is third party logistics provider and automotive paint distributor for PPG Inc. They have many departments within each warehouse that must work together to ensure paint and paint and paint productsRead MoreStealing Staff : Common Practice Through Business966 Words   |  4 Pagesrelationship, and help each other out when issues arise. One such issue arose and I found myself at the other Franchise B, and the owner was hinting he would like to employ myself. After some weeks of thought, I approached the owner of the Franchise B and said that I was interested in applying for the position of Production Manager, which was a step up in my career from Prepress Operator/Graphic Designer. After some negotiating, I then handed my resignation to my current employer Franchise A, andRead MoreCase Study of Ethics5588 Words   |  23 PagesEthical Dilemmas Case Studies Professional Accountants in Business December 20112 Contents Introduction ...............................................................................................................................3 Case Study 1...............................................................................................................................5 Pressure to overstate stock valuation ...................................................................................5 CaseRead MoreTyco International: Leadership Crisis1971 Words   |  8 Pagesanswers case study questions to provide an overview of Tyco’s ethical and legal issues, company culture, and the role that both top executives and board members had in this scandal. It also presents and recommends the course of action that the company took, and should take, to restore the trust of stakeholders while avoid fraudulent financial problems. The Ethical and Legal Issues in this Case There were numerous ethical and legal issues in the Tyco case. The most damaging issues wereRead MoreEthics Case Essay2734 Words   |  11 Pagesï » ¿Candy’s Dilemma This ethics case focuses on a non-partner manager for a CPA firm who decides to leave the firm to work in the private industry. The manager’s name is Candy Bookit and the CPA firm she was working for is Ima, Sharp and Crooke. The case begins with Candy deciding to leave the CPA firm to accept a controllership position with Artifice Company, a company who was a client of her CPA firm. Artifice Company was a holding company for a group of family-owned corporations that were all heavilyRead MoreCase Study : Candy Bookit, A Non Partner Manager Cpa2547 Words   |  11 Pagesthe company’s practices. 2) Relevant ethical issues in order of sequence: †¢ Interrelated business activities †¢ Tax return issues †¢ Conflict of interest †¢ Transfer of funds between business units †¢ Adherence to GAAP †¢ Lack of internal controls †¢ Tax evasion †¢ Misrepresentation of facts †¢ Discreditable acts †¢ Abuse of power †¢ Breach of confidentiality †¢ Disregard for responsibilities to the profession †¢ Disregard for public interest †¢ Whistleblowing Relevant ethical issues in order of importance: †¢ ConflictRead MoreAn Analysis of the Donna Dubinsky Case2123 Words   |  9 Pagesweaver. The dilemma was that she feels what she is doing is best for company; therefore she was putting her job at risk. Company Background: Apple was a leading PC manufacturer in US. Head Office is in Cupertino, California. In 1977, after launch of Apple II, Apple market shares had risen to 42%. In 1983, Scully, the finance president of PepsiCo joined Apple as president he was invited by Jobs, to bring marketing discipline to Apple. As company market share was declined to 24%.when Scully joinedRead MoreThe Ethical Issues Involved For Medicare Funded Organ Transplants1896 Words   |  8 Pages Describe and evaluate the ethical issues involved in Medicare-funded organ transplants. When the dialysis machine was discovered in 1960, there have been hopes that Patients with renal impairment should have a life prolonging care. For patients with renal impairment were a matter of life and death and all were willing to pay the amount it does not matter what you get dialysis. Soon, it became a controversial issue when it was realized that the demand exceeds supply and the equitable distributionRead MoreEthical Decision Making and Behavior13474 Words   |  54 Pages7 Ethical Decision Making and Behavior As we practice resolving dilemmas we find ethics to be less a goal than a pathway, less a destination than a trip, less an inoculation than a process. —Ethicist Rushworth Kidder WHAT’S AHEAD This chapter surveys the components of ethical behavior—moral sensitivity, moral judgment, moral motivation, and moral character—and introduces systematic approaches to ethical problem solving. We’ll take a look at four decision-making formats: Kidder’s ethical checkpointsRead MoreThe Ethics Of The Enron Scandal1902 Words   |  8 Pages Ethical Scrapbook In the three excerpts that will be discussed in this report there is a theme. That theme is ethics or the lack there of. What all three of these cases have in common is that people were willing to trade in their reputations, their livelihood and in some cases their personal freedom to get what they wanted. In two of the examples, the prize they sought was money, pure and simply a case of greed. Importantly, these people already had significant wealth, and they were willing to