You are a partner in a CPA firm. Some of your partners have conservative views and some don't. You are interviewing students for positions in the firm. All of them are equally qualified to do the job. Since you can't hire them all and they are all qualified you only pick the students with the same political views as you. Is it ok to hire or not hire someone solely because of his or her politics?

You are a partner in a CPA firm. Some of your partners have conservative views and some don't. You are interviewing students for positions in the firm. All of them are equally qualified to do the job. Since you can't hire them all and they are all qualified you only pick the students with the same political views as you. Is it ok to hire or not hire someone solely because of his or her politics?

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter4: Ethical Responsibilities Of Accountants

Section4.6: Arvel Smart, Accounting Major

Problem 2Q

See similar textbooks

Similar questions

Nancy John, a bright, female investment analyst about to give a major presentation to a group of bankers supporting a corporate acquisition. After walking in and meeting the bankers before you give the presentation, you're asked by your boss to "be a dear and serve them coffee." Imagine the insult and awkwardness of such a situation-what do you do? Do you carry through with the task, sacrificing your dignity or doing something wrong because you can't afford to lose the job? Or do you speak up? A group of Swiss occupational health researchers have recently started a program of research on illegitimate tasks, or tasks that violate "norms about what can reasonably be expected from a given person" in a job. Question: 1. What do you think of this situation? 2. What might cause supervisors and managers within organizations to allocate these kinds of tasks? 3. Can you explain it based on 'positive reinforcement' behavior and suggest some suggestion?
Lois Kenseth, president of Sycamore Corporation, is concerned about several large stockholders who have been very vocal lately in their criticisms of her leadership. She thinks they might mount a campaign to have her removed as the corporation's CEO. She decides that buying them out by purchasing their shares could eliminate them as opponents, and she is confident they would accept a “good” offer. Kenseth knows the corporation's cash position is decent, so it has the cash to complete the transaction. She also knows the purchase of these shares will increase earnings per share, which should make other investors quite happy. (Earnings per share is calculated by dividing net income available for the common shareholders by the weighted-average number of shares outstanding. Therefore, if the number of shares outstanding is decreased by purchasing treasury shares, earnings per share increases.) Instructions Answer the following questions. a. Who are the stakeholders in this situation? b.…
Chloe has her own office where she generates investment advice for companies. She is compensated for her advice. Which of the following is false? Chloe does not have to be a registered adviser if she doesn’t have authority to make investment choices for her clients. Chloe does not have to be a registered adviser if all of her clients are in the same state as her office. Chloe does have to be a registered adviser even if she only advises for one company.
You are the owner of a software engineering company. Your employees (engineers) want you to let them do pro bono work for a local non-profit organization on company time. How would you respond in a way that is legal, moral, and ethical?
Costco has a policy of not hiring business school graduates because it wants employees to start at the bottom and work their way up. What are the advantages and disadvantages of this approach?
Chloe has her own office where she generates investment advice for companies. She is compensated for her advice. Which of the following is false? A. Chloe does not have to be a registered adviser if all of her clients are in the same state as her office. B. Chloe does not have to be a registered adviser if she doesn’t have authority to make investment choices for her clients. C. Chloe does have to be a registered adviser even if she only advises for one company.
You are offered a job you know that accepting this job may eventually lead to a promotion into the role of the financial manager. As the potential financial manager, what federal and shareholder requirements would you need to be familiar with in order to ensure that you are being completely compliant? While investigating the shares offered to you by your potential boss, you discover that the company you are considering working for is not registered as required under the Securities Act of 1933. How does this influence you as a potential employee and as a potential shareholder relative to any applicable statutes or laws?
1. How is hiring the “next generation” of Chinese elites different from practices here in North America. Is it the same as Clinton’s daughter securing a job at a hedge fund company? 2. What are some of the moral principles involves here and what are some of the consequences of this practice? How does any company stay competitive if others choose to conduct unethical business practices?
1. Why are employees inside stakeholders but (workers) unions classified as outside stakeholders? 2. To what extent does “discretionary responsibilities” support the argument for corporate social responsibility? 3. Citing the findings of published articles, does pursuing CSR make companies more profitable? 4. Differentiate between workplace romance and sexual harassment. 5. A Lecturer reports a student to management because the latter offered the former a fuel voucher. According to the definition of bribery, was the Lecturer right in the action she took?
The following statements have appeared in newspaper editorials:1. Business students come from all segments of society. If they have not been taught ethics bytheir families and by their elementary and secondary schools, a business school can have littleeffect.2. Sacrificing self-interest for the collective good won’t happen unless a majority of Americansalso accept this premise.3. Competent executives manage people and resources for the good of society. Monetary benefitsand titles are simply the by-products of doing a good job.4. Unethical firms and individuals, like high rollers in Las Vegas, are eventually wiped outfinancially.Required:Assess and comment on each of the statements.
1. Why are employees inside stakeholders but (workers) unions classified as outside stakeholders? 2. To what extent does “discretionary responsibilities” support the argument for corporate social responsibility? 3. Citing the findings of published articles, does pursuing CSR make companies more profitable? 4. Differentiate between workplace romance and sexual harassment. 5. A Lecturer reports a student to management because the latter offered the former a fuel voucher. According to the definition of bribery, was the Lecturer right in the action she took? Answer all please
To what degree do you think individuals have a responsibility to act ethically within a corrupt system? How would an individual act ethically in this context? Please answer thoroughly and in depth. What legal reforms would you recommend that would make lobbyists more likely to act ethically? Why would you recommend these reforms and how might you implement them? Please answer thoroughly and in depth.