Solving Ethical Dilemmas

However, according to John’s request, Richard would mislead the bank to give extra money by concealing the side agreement which is dishonest. Besides, Richard would also disobey the Ethical Rule from AIC.

Found the MLO to have made a false statement or omission or been dishonest, unfair, or unethical; to have been involved in a violation of a financial services-related regulation or statute; or to have been a cause of a financial services-related business having its authorization to do business denied, suspended, revoked, or restricted;

On 11/16/2015 Eva Jo called in requesting account value information for guardianship hearing, states she intends to liquidate 100% of the account once guardianship is in place, no information was provided to

The agency could impact the business if we were stating facts about our company that are not true. Or if we were telling a customer all the things we did to groom the animal but we only did a couple of the things listed. Our products and services require us to provide realistic and factual data, but the we can’t guarantee variables impacting the results because they are uncontrollable. The company needs to abide by the guidelines and requirements of the Federal Trade Commission.

The incompatibilities are that Jennifer is in charge of sales and accounts payable. There will be a conflict between both aspects as they rely on one and another. She is in control of sales of goods and the payment of goods. There are multiple areas that can be a potential breach.

If Leslie were to overlook the problem this would violate all stakeholders except Andy. This would also violate Leslie’s personal moral code. This would be a poor choice.

In our case, Bill only has 18 months experience with the firm. Sam could have done more in supervising Bill’s work considering the complexity of Marcelle’s inventory account, and probably the qualifications that Bill possesses in respects with this particular client.

Nick should not trust Jamey’s recommendations because of the seriousness of the matter, Jamey’s lack of judgement and accounting knowledge, and fact that Jamey is liable for financial mistakes and mismanagement. Jamey has already shown his desire to use foundation grants and outside funding, instead of properly disclosing and resolving the accounting issues. Jamey also did not take the necessary steps to become knowledgeable of basic accounting concepts and did not act upon the recommendations that were given to resolve the accounting issues. Furthermore, Jamey’s purchases of wine and use of the company vehicle puts into question his motives. Ultimately, Jamey could and should be held liable for the mistakes and his recommendations show that

As the situation stands now, Archer has a great amount of potential power. The CEO and the two vice presidents have great respect for her and have left the decision of which job she will

Both employees have been with the company for more than 20 years and have much influence among the rest of the employees. Management does not want to terminate such long-term and influential employees but need for Vernon and Bud to join the effort to make the company successful.

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But after all, the bank had given Nick Leeson virtually free rein and let him do both the back and front office work which was not relevant. The controlling at Barings had failed because the “88888 account” Nick Leeson did not appear on trader reports. So the Barings should given so much responsibility to one single man.

Including her new idea - Helen’s new plan is risky and it can cause losing trust and respect what is important for company to function properly.

Question No.1 (Answer): -Ethical dilemma: - The ethical dilemma is a multifaceted situation in which choice between two options, neither which resolves the situation in acceptable manner. Ethical dilemma is also called moral dilemma.

period to dismiss this kind of fraud. There had been some considerable cues of the fraud. For example,