Accounting help
18-May-2004, 07:03 PM
#1
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Join Date: Aug 2003
Location: St.Catharines, Ontario
Posts: 631
Accounting help
http://www.arts.uwaterloo.ca/ACCT/et...ases/smith.htm
*need some help identifying the moral value related to situation
*consequences of each cource of action
*evaluate course of action
i got couple of ideas but i need more . thnx
*need some help identifying the moral value related to situation
*consequences of each cource of action
*evaluate course of action
i got couple of ideas but i need more . thnx
18-May-2004, 09:43 PM
#3
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Join Date: Jun 2003
Location: Saskatoon
Posts: 5,558
Okay, the problem is that the company is making a profit of its internal sales? or The company is putting larger numbers in the books that they are spending. Either way i sense the issue. Should Betsy purse the right course regardless of the consequences or just let it slide, to keep her good standing her job. Morally i guess it would depend on how strong your personal ethics are, how much you car about your work. Personally it would depend on how much cash i was making! If it was a plum job it may be worht it to let it slide for a year or two. Otherwise you would have to devote your life and possible carrer to fight the system.
19-May-2004, 11:04 AM
#4
Are you talking moral issues here?? Or are you talking about the ethical standards, rules of conduct, or what?
If Betsy Smith was to remain silent, and not report her findings to the Directors, she may be faced with a breach of fiduciary duty. Betsy has a duty to the directors, and shareholders to report her findings as an internal auditor. Betsy also has a fiduciary duty to the community, (any outside institution who relies on the information prepared) as a designated accountant. Possible consequences: loss of job, loss or suspension of accounting designation, and civil action for breach of fiduciary duty.
Also as an employee Betsy is required to follow the directions of her superiors. If Betsy was to blow the whistle in this case, to the directors/shareholders she could lose he job for failure to follow direction. (Grounds for dismissal in labour law)
As an employee, who is in charge of confidential financial information, Betsy should have been required to sign a non-disclosure agreement. Therefore, if Betsy was to blow the whistle to the community, she would lose her job (there is a significant ground for dismissal), as well as face civil action in breach of contract.
If Betsy Smith was to remain silent, and not report her findings to the Directors, she may be faced with a breach of fiduciary duty. Betsy has a duty to the directors, and shareholders to report her findings as an internal auditor. Betsy also has a fiduciary duty to the community, (any outside institution who relies on the information prepared) as a designated accountant. Possible consequences: loss of job, loss or suspension of accounting designation, and civil action for breach of fiduciary duty.
Also as an employee Betsy is required to follow the directions of her superiors. If Betsy was to blow the whistle in this case, to the directors/shareholders she could lose he job for failure to follow direction. (Grounds for dismissal in labour law)
As an employee, who is in charge of confidential financial information, Betsy should have been required to sign a non-disclosure agreement. Therefore, if Betsy was to blow the whistle to the community, she would lose her job (there is a significant ground for dismissal), as well as face civil action in breach of contract.
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