ACCT 2010: Fall 2012
Sections L08, L09, and L15
GROUP PROJECT
Please form groups of four to five students. Each group should analyze three cases provided below and write a short report. The objectives of the project are to help you develop the ability to 1) evaluate situations that have ethical implications, 2) identify the stakeholders and their interests, 3) describe ethical dilemmas and propose solutions, and 4) explain the importance of social responsibility. Each group should submit a written report that should include: 1. A cover page: title, section, and the names of team members (plus student IDs). 2. Case analysis: one page per case (three pages in total), 12 pt font, single-spaced, one-inch margins all around. The report is
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In fact, Smith, Godfrey, and Hannaford were counting on the revenue from the Sunrise audit to finance an expansion of the auditing firm. Discussion questions: 1. What is the ethical problem in this situation? 2. What are the alternative decisions for Smith, Godfrey and Hannaford to consider? 3. Who are the stakeholders in this situation? What are the possible consequences to each stakeholder? Analyze from the following standpoints: (a) economic, (b) legal, and (c) ethical. 4. If you were the auditor, what would you do? How would you justify your decision?
ACCT 2010: Fall 2012
Sections L08, L09, and L15
Case 2 St Genevieve Petroleum Co. is an independent oil producer in Baton Parish, Louisiana. In February, company geologists discovered a pool of oil that tripled the company’s oil reserves. Prior to disclosing the new oil reserves to the public, St. Genevieve quietly bought most of its shares back from current shareholders. After the announcement of the discovery of new oil reserves, the company’s share price increased from $6 to $27. Discussion questions: 1. What is the ethical issue in this situation? 2. Who are the stakeholders? What are the possible consequences to each stakeholder? Analyze from the following standpoints: (a) economic, (b) legal, and (c) ethical. 3. Place yourself in the role of decision maker. What decision would you have made?
Case 3: Corporate Social Responsibility (CSR) is the
Consider an organization you were/are currently involved with. After providing a short overview of your organization, reflect on the Seven Levels of an Ethical Organization, found in the Gebler article and slide deck, and write a paper answering the following questions (not more than three pages - format of your choosing):
The United Oil Company of California (Unocal) made the decision in the 1990’s to invest in energy projects outside of the United States and chose to invest in the “Yadana field” pipeline. There are many stakeholders involved in the international “Yadana Field” natural gas project. Unocal, Thailand’s PTT Exploration and Production Public Co., Total S.A., and the Burmese government (Myanmar Oil and Gas Enterprise) along with the employees of these companies are all major stakeholders in the project. These were the main participants that would directly benefit as a result of the project. The people who were living in the area that the pipeline was to be
An ethical audit is important to establish the company’s current weaknesses and strengths concerning how it conducts itself in an ethical manner. An ethics audit will involve evaluating the company’s standard of ethic, it ethic climate, and how well the company’s employees follow ethical standards. One of the first things to evaluate in an ethics audit is if a company has a written code of ethics and how comprehensive it is. Moreover, the written code of ethics should apply to everyone in the company from the top down with a clear zero tolerance policy in place for ethics violations. Included in a comprehensive ethics code should be a method for
What are the strengths, limitations and challenges of ethical and socially responsible business practice? Discuss with reference to case studies of your choice (1200-1500 words).
There are at least 10 significant struggles and/or ethical violations discussed in the book. Read the book, choose three ethical issues or violations, and cover:
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
Give an example. (5 marks) Briefly discuss whether the short-term differences between applications in (a) are removed when the investment is sold. (3 marks) Briefly suggest reasons why short-term differences may not be irrelevant. (2 marks)
This assignment will give you the opportunity to choose a case study, and then write about the ethical implications and the impact of the events that are described. Each case study includes a set of questions that you should answer. You can choose either Case Study 9.1: Unprofessional Conduct, or Case Study 8.4: Have Gun Will Travel.
Now one must ascertain that such regulations would only be applied under certain governance systems- a good government; a government that is liable to the people. In such cases, there should be funds available for social programs. I will classify social programs as two types, based on how they should prioritizes allocation of funds:
Apply the ethical decision making model presented in week one lectures (adapted from Beemsterboer, 2010; Velasquez et al, 2009) to the case study.
In this report I will be looking at how my businesses activities and ethical behaviour affect different stakeholders with in my business.
This book is aimed at helping people make ethical choices, through a readable mixture of analysis, guidance, and case studies. It was easy for me to identify with the case studies.
ABA MODEL RULES: 5.5 (b) 1.6 (a) NFPA ETHICAL CONSIDERATIONS: 1.7 (a) 1.5 (a) 1.8 (a)
Ron Barber, CPA, is auditing the financial statements of DGF, Inc., a publicly held company. During the course of the audit, Barber discovered that DGF has been making illegal bribes to foreign government officials to obtain business, and he reported the matter to senior management and the board of directors of DGF.
WorldCom acquired Arthur Andersen as the independent external auditing for the company. As WorldCom grew after the merger with MCI, Andersen began to invoice less than they should have. The charges were defended as an opportunity to prolong business with WorldCom. (Kaplan and Kiron, 2007). This is an immediate red flag for a company. Where were the ethical practices of the independent auditor? If the auditor has no ethics, how can one possibly be assured that the company is performing its intended function appropriately? The board of directors should have immediately been informed of Andersen’s practices and made a decision to confront Andersen’s practices and possibly obtain new independent auditors.