1. Frame the ethical issue:
• Should Jason Tybell be fired for the inappropriate behavior and comments to clients?
2. Gather all the facts:
• Jason Tybell is a CPA who graduated from the university with bachelor degree in accounting and has been working for a professional accounting company named Rodger&Philips for two years with high evaluations from his seniors.
• Although, he has good performance score, he isn’t asked to work on the current audits of two clients that he worked on previous year.
• Jason has a meeting with his mentor, William Jackson, to talk about this unusual incident.
• Before the meeting, Jackson is informed that one more complaint about Jason is received from the third client.
• In the
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• Due professional care: carrying out professional responsibilities with concern for the best interests of those for whom the services were performed and inaccordance with public interest.
• Professional behavior: A professional accountant should comply with relevant laws and regulations and should avoid any action that discredits the profession.
5. Identify the operational issues:
• What are the deficiciencies in performance evaluation system? How did Jason Tybell get high scores from his seniors?
• Is the criteria for employee termination defined in the company? Can they easily fire him for his behaviors to the clients even he got high evaluation scores?
• Is there any improvement or caution process for the employees who need to improve their qualifications or replace some inappropriate treats with the appropriate ones?
6. Identify the accounting and auditing issues:
• Since the case is not too much related to accounting issue, comments will be limited.
7. List all the possible alternatives that you can or cannot do:
• Do nothing
• Fire Jason Tybell
• Develop a new evaluation system for the employees of the company
8. Compare and weight the alternatives:
• Do nothing: It is not appropriate treat for an auditor or audit company who/that is expected to exercise due care and acting in accordance with professional behavior. Moreover, clients deserve to be
Tommy Ray James, the defendant, was stopped by an officer while driving and after failing to provide insurance the defendant admitted to drinking alcohol and open containers inside the vehicle and then the defendant was then placed under arrest, put in handcuffs, and advised of his rights State v. James, 301 Kan. 898, 1 (2015). The officer then searched the defendant’s vehicle for evidence of open alcohol containers and found what was later determined to be marijuana 301 Kan. at 1. The defendant denied the marijuana being his and said it could be his brother’s 301 Kan. at 1. The defendant however, said he did not know his brother’s phone number 301 Kan. at 1. After stating he did not know his brother’s phone number Tommy offered
When auditing a publicly held company, auditors need to observe principles. The ethical principles of the American Institute of Certified Public Accountants (AICPA) Code of
Just until this past February 23, Taj Gibson was the last remaining player from the Chicago Bulls team that reached the Eastern Conference Finals against the Miami Heat back in 2010 –11. That nice little story ended when the Bulls front office decided to send the USC Alumni to the Oklahoma City Thunder in a trade that included Doug McDermott and a 2018 second round pick in exchange for Cameron Payne, Joffrey Lauvergne and Anthony
This is a requirement that a person acts towards others and the public with the watchfulness, attention, caution and prudence that a reasonable person in the circumstances would use. If a person 's actions do not meet this standard of care, then their actions may be considered negligent, and any damages resulting may be claimed in a lawsuit for negligence. Professional workers owe a specific duty of care to all vulnerable people with whom they work. The standard of conduct and behaviour expected of people in their professional role is higher than for other people because of the professional training they have received and the level of responsibility they assume.
B) I think the auditors should have equal responsibility for detecting material misstatements due to error and fraud. It’s their job to make sure the financial statements are as accurate as possible. Although it may be hard to check all the information from a company it’s the responsibility of the auditor to sign off that everything is in check.
According to APES 110, “to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent Professional Services based on current developments in practice, legislation and techniques and act diligently and in accordance with applicable technical and professional standards” is the definition of professional competence and due care. Management did not exercise adequate due care for their players when faced with these conditions. The informal nature of Dr Stephen Dank’s employment intensified this negligence as he was passed the duty of care of these players although he did not hold accountable to the club. Therefore those who involved Dr Stephen Dank bypassed the Human Resources procedures showing complete disregarded of the due care principle.
1)Which “management assertions” were relevant to Paragon’s construction projects? Describe an audit procedure that Arthur Anderson could have employed to corroborate that assertion for each.
Well Care Hospital professional’s duty is to be committed to the care of all patients and make improvements within the life of the patient. According to the National Ethics Committee of the Veterans Health Administration (2003), “Professionals are required to make a fiduciary commitment to place their clients’ interests ahead of their own. Patients should be able to trust that their interests and welfare will be place above those of the health care profession” (p.2)
Professional ethics are guidelines set by professional organizations that guide its members in performing the functions of their job appropriately, while behaving in a professional and ethical manner (Web Finance Inc., 2016). Some of the characteristics of professional ethics include “knowledge, honesty, accountability, integrity, loyalty, compliance with the law and more” (Reference An IAC Publishing Labs Company, 2016, para. 3). Professional ethics are important because it builds credibility and shows that the person is capable of doing their job appropriately, regardless of the situation,
Performance appraisals are used to monitor a person’s performance or ability on how they do their job at work or even on a sports team. “The performance appraisal should be based on the specific tasks the employee accomplishes or fails to accomplish, and where appropriate, the behaviors identified as necessary to perform the job during the rating period. Thus the rating technique, or combination of techniques, used by the organization should provide a measurement of the employee's job performance that is as accurate as possible” (Martin, Bartol). In our fieldwork assignment we watched the Hiwassee boys soccer team play. We each picked one individual, who will remain unidentified, and graded them on the following: fitness level, coach ability, work ethics, sportsmanship, communication, leadership, sport specific athletic ability, and commitment to excellence. The Hiwassee athlete I observed, who will be referred to as “tiger”, scored high in all categories. In the categories tiger scored according to the following, fitness level, a 4 (which is above average ability), coach ability a 3 (average ability), work ethics a 4 (above average), sportsmanship a 5 (Excellent), communication a 3 (average ability), leadership a 3 (average ability),
Chartered accountants are therefore expected to display professionalism in their work so that they are able to maintain public confidence in the companies. This is a result of the accountants reporting the true performance of the companies they represent (Radebaugh & et al, 2012).
For instance, both lawyers and accountants have agreed on profession-specific codes of professional conduct, and physicians still frequently take the Hippocratic oath. Regarding management consultants the professional associations have formulated different sets of ethical rules. The contents of the individual codes either specify what professional conduct is or they indicate what cannot be considered as professional conduct. However, it is also obvious that professional rules only serve as overall ethical guidelines. The consequence of this is that the professional when practising is exposed to several more specific ethical issues for which there is no explicit or written solution.
Ethics in any industry is important, but for Accounting professionals and those in need of their services, it is a particularly stressed element. Information provided by accountants is used to make major decisions, including investing, downsizing, expanding, etc, so accountants are expected to be competent, reliable, and have a high degree of professional integrity. Because of these high expectations, the professional accountancy industry, like many other professions, has adopted professional codes of ethics (Woelfel, 1986). These ethical codes go above and beyond the requirements for state or federal laws and regulations. There are several professional organizations within the
Professionalism is an adherence to a set of values comprising both a formally agreed-upon code of conduct and the informal expectations of colleagues, clients and society. The key values include acting in a patient's interest, responsiveness to the health needs of society, maintaining the highest standards of excellence in the practice of medicine and in the generation and dissemination of knowledge. In addition to medical knowledge and skills, medical professionals should present psychosocial and humanistic qualities such as caring, empathy, humility and compassion, as well as social responsibility and sensitivity to people's culture and beliefs. All these qualities are expected of members of highly trained professions.
If the employee has received a final written warning, further misconduct or unsatisfactory performance may lead to dismissal. In cases of Procedural Dismissal, an employee will receive the appropriate notice or payment in lieu of notice. In cases of