Knowledge of the illegal act

Reference no: EM13972324

Suppose a management accountant becomes aware of a confidential but illegal act that has occurred within her company. The management accountant must consider what she is ethically bound to do about this situation. Three alternative responses to this situation are given below. State whether you agree or disagree with each, and briefly detail your reasons. The accountant must remain loyal to the company at all times and should report the occurrence only to appropriate officials within the company. The accountant is bound to inform officials only if she stands to personally gain (make money) from knowledge of the illegal act. The accountant must exercise personal judgment; a clear-cut answer does not exist given the limited information provided.

Reference no: EM13972324

Questions Cloud

What is the new balance : On August 10 the business made a payment of $700, and on August 17 they borrowed $4,800. If the current prime rate is 6%, what is the new balance?

What is the marginal cost of the thirteenth worker : A retailer has to pay $9 per hour to hire 13 workers. If the retailer only needs to hire twelve workers, a wage rate of $7 per hour is sufficient. What is the marginal cost of the 13th worker?

What is the net present value : Winter Wear is considering a 5-year project with an initial cost of $211,000. The project will produce cash inflows of $56,500 a year over the life of the project. What is the net present value (NPV), if the required rate of return is 15.8 percent..

How much total interest will you pay : If you pay the mortgage according to the loan agreement, how much total interest will you pay?

Knowledge of the illegal act : The accountant is bound to inform officials only if she stands to personally gain (make money) from knowledge of the illegal act. The accountant must exercise personal judgment; a clear-cut answer does not exist given the limited information provi..

Apple widely expected to release its iphone 5 : WITH Apple widely expected to release its iPhone 5 on Tuesday, Apple addicts across the world are getting ready for their latest fix.

What is the power input : What is the voltage output of a transformer used for rechargeable flashlight batteries, if its primary has 510 turns, its secondary 8 turns, and the input voltage is 124 V?

What is the apr on this loan : What is the APR on this loan? What is the EAR?

What is in hz the frequency of the voltage source : The voltage in a series RLC circuit is given by: i(t)= (15 mA) sin(471.2t+1.041) The resistance is 51.0 Omega, the capacitance is 69M Mu F and the inductance is 250 mH- What is in Hz the frequency of the voltage source?

User Account

All Pages