We all have our own biases and values when it comes to ethics. However, in this case it is interesting to see how ethics and legal liabilities culminate together, forcing a difficult recommendation to provide the best solution. To better understand this case, I will first look into the facts and ethical issues of presented within the material. Based on the facts, I will then discuss multiple options for what to do and how these decisions will effect all stakeholders involved. Finally, I will present based on my findings a recommendation. After reading through the material, I have gathered the following facts. Greg, your cousin has overheard his dad Jack, your uncle talking about moving revenues onto 2016 financials. You are a CPA at the …show more content…
However, this implies an ethical question on your part. How can you trust exactly what Greg has overheard, possibly he misunderstood? Looking at the next fact, you are a employee of the audit firm that audits Matrix. Ethically there is an issue of how you treat your family members out side of work due to the nature of your work. You must be responsible to not speak about business outside of the office with your uncle. In fact, you should not be talking about the audit with your uncle at all, as you are no on the engagement team or a partner. Also, you must disclose your relationship with your uncle to the audit firm. The next fact that Greg does not want you to confront your uncle because of their rocky relationship, this is one of the largest ethical questions as all parties involved are family. To make the most ethical decision, I believe would to be acting on the right side of the law. You must not treat this as the biggest ethical problem within this case, yet it is hard because they are family. However, it would be more unethical to break the law then try and be ethical by protecting their fragile relationship. It is clear that all of the facts presented in this case have their own respected ethical issues. I believe that each individual would treat their importance differently based on their values. Next I will look at a few options, to carry out in this situation. The first option that I will discuss is to confront your uncle Jack about the situation,
People from all walks of life face many ethical dilemmas. These dilemmas have consequences. Our worldview determines how we deal with these dilemmas, and guides us to the right decisions. In this essay, I will examine an ethical issues through my Christian worldview. I will also present other viewpoints, and compare them to mine.
Ethical Dilemmas are a pressing issue within any law enforcement or law agency the power that people have in positions such as these force them to share an equal or greater amount of reasonability. Ethics is defined as “the branch of philosophy that typically deals with values relating to human conduct with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions”. This definition of ethics courtesy of Webster dictionary shows just how complex the intricacies of ethics are and how major dilemmas might negatively impact departments for instances lawyers are plagued with ethical dilemmas on a day to day basis such as Lawyer advocacy, conflict of interest, Professional
Hank is shown to believe that at points it concerning him whether to do the right thing/wrong thing, responsibility of his actions towards the start of finding the money. At certain times he can be self-centred, superior and inferiority
The dilemma/ethical issue that arises out of this case is in the hands of Jill Lassiter. She is the newly appointed executive director of a charity dedicated to helping single mothers called Good Works for Women. She must get the financial statements in order so that they satisfy Ms. Lyndelle Oakes, the organization’s largest donor. Jill must decide whether to restate her budget using faulty estimates or to be honest about the organization’s difficulties and face losing a crucial donation.
Management is often faced with ethical dilemmas that have no clear cut correct answer. In our case study, (1)Desperate Air, George Nash, Vice President of Real Estate faces a conflict of values similar to the CEO in Seglin’s article, “How to Make Tough Ethical Calls”. They both want to tell the truth and they want to protect their companies, their investors, their employees, and their own livelihood. Neither Mr. Nash nor the CEO conducted a through examination of the problem they faced. I believe the decision to remain silent made by both Nash and the CEO to be short sighted, based solely on short term profit, and would not have been the route I would have taken.
Ethical Case Study The case study involves the Avco Environmental Services Company dumping some of the medical wastes in a local municipal landfill, which is against the environment laws of the land. The company, which is a small toxic-waste disposal firm, resorted to doing so with a number of reasons among them being to compete with the other giant competitors effectively. In this particular case, there are a number of stakeholders who will be affected by this scenario.
Moral hazard is “where one side of the market cannot observe the actions of the other” (1 R. Varian Hal, Intermediate microeconomics, 7th Edition, 2006). Being a part of asymmetric information where one party knows more information than the other, moral hazard is where the actions from an individual cannot be quantified by the other. In this case the seller’s actions of livestock cannot be quantified or unobserved by the buyer of livestock. The goal of this essay is to discuss the effects of moral hazard in various scenarios, the impact it has on firms and preventative techniques available to gain a more in depth understanding of moral hazard.
ethical problem, but can not be the legal policy for a firm. The firm should evaluate
Build a mirror CRM production system over the next two weeks so that a rebuilding of the main CRM system could occur to plug security holes and assure that another DoS attack would not be successful.
It is a relevant ethical dilemma because it is a situation in which an ethical decision needs to be made by a businessman (CFO of Gabriel Resources) where viable options to this case are available which will be judged further in this essay by applying ethical theory and concepts.
There will be many scenarios that can challenge a counselor. However, when there are specific cases that involve harm to the clients’ person or another a counselor must follow the processes outlined in the bylaws of the American School Counselor Association. These outlined processes serve two important purposes, the purpose of protecting the client and the purpose of protecting the counselor. This paper will answer questions in response to the scenario of Angela.
From time to time, corporate executives encounter ethical dilemmas that seem rather challenging. In this text, I concern myself with an ethical dilemma faced by the top leadership of Nutritional Foods Inc. In so doing, I will amongst other things explain (in detail) the actions I would take were I to find myself in a similar scenario. I will also explain not only the reasoning behind my actions, but also the results I would be expecting.
We believe that the ethical issue described in the case study is an Ethical Dilemma. This is because there is no perfect solution to the issue. All of the possible outcomes have a negative aspect to them; therefore we will be choosing which outcome is the best option even though none of the outcomes are ideal. Additionally, we are the moral agent and it is our principles that are being violated.
Peter has been working for with the Bigness Oil Company's local affiliate and established a trusting relationship with Jesse, manager of the local facility. Jesse was pleased with Peter's work and recommended that he be retained as the corporate consulting engineer. One day, Jesse started telling Peter a story of a mysterious loss in one of the raw petrochemicals he receives by pipeline in the 1950's. Since there was no
There may be no easy solutions to this dilemma that will satisfy all parties involved. Several points seem particularly relevant: