Reference no: EM133015300

Question - Jay Simons, the accountant of See Co., has several months' worth of accounting data to compile.  The accounting is kept by hand; his employer, Tom, does not trust computers but Tom's son (who will take over the business at the beginning of next year) has promised that the company will purchase computers and an accounting software.  It's just that right now, times are tough and every penny counts.

Tom is applying for a line of credit.  The bank is requesting financial statements.  No statements; no line of credit. If Jay does not get the work done in the next two weeks, he will most certainly get fired.  When Jay was hired, he assured Tom that he knew how to keep books by hand and that he would stay current. 

Unfortunately, Jay has fallen behind. Jay has heard of how easy QuickBooks is to use and knows that his childhood friend and brother-in-law, Peter, is using it at the company he works for.  Jay calls Peter at Joor Industries and begs him to let him use Joor's license. What should Peter do?

Required -

1. Identify the ethical issue(s) Peter faces. Why should he be conflicted?

2. Who are the key actors and stakeholders?

3. List at least three alternative courses of action Peter could take and briefly describe how each one will affect the key actors and stakeholders you identified in question (2). That is, list the positive and negative consequences of each option on the key actors and stakeholders.

4. Which course of action do you recommend Peter choose and why?