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The controller's objectives in this situation are to accurately reflect the state of the business; the president's request runs directly counter to this objective.
c) The controller should not be concerned with Ruiz Co.'s growth rate. The duty of the controller is to record as accurately as possible the company's financial condition. Accuracy is the most important consideration for the controller. The firm's growth rate is the responsibility of other managers.
The controller's duty of care is owed to the shareholders, regulators and other parties who are affected by the accuracy level of the financial statements. The duty, however, is not to provide the shareholders with a level of growth or to manage their expectations. The duty of the controller is to accurately reflect the firm's financial state.
As such, the controller in this situation...
The request is made in bad faith, and does not accurately reflect the firm's financial circumstances. If there as an empirical basis for using the 4% figure, then the controller would be able to use that figure without violating his duty of care, but if the history of doubtful credit shows that the 2% figure is accurate, then the controller must use that figure in order to maintain ethical integrity. Therefore, the controller must refuse the president's request. If the president wishes to manage the expectations of the shareholders, this must be done through means that do not impact on the integrity of the financial statements. For the controller to comply with the president's request would mean violating professional codes of ethics as well, further lending credence to the fact that the controller must reject this request.
Ethics Case Study: To Rescue Others at What Risk? What is the Ethical Dilemma? An ethical dilemma in the words of Fletcher, Holt, Brazier, & Harris (1995) "occurs when there are at least two possible courses of action that may be taken but each option is problematic" (p.7). With regard to the case study under consideration, the ethical dilemma each and every individual who has succeeded to make it to the roof
Ethics Case Study: Medical Law and Ethics Jerry McCall is Dr. William's office assistant. He has received professional training as both a medical assistant and an LPN. He is handling all of the phone calls at the office while the receptionist is at lunch. During this period of time, a patient calls and says he must have a prescription refill for Valium, an antidepressant medication, called in right away to his
However, if it were the case that the Chinese legal system protected the innocent and executed only those criminals who have been properly, duly, and fairly convicted and sentenced for crimes appropriately punished by execution, it is much harder to argue against the use of their organs to benefit society. From an objective point-of-view, once a person dies, it is wasteful not to use his or her organs to
Ethics Case Study: To Rescue Others What Risk?()" answer questions: 1. What ethical dilemma? (1page, 1 reference) What ethical position related case? Include discussion theory principles position based. The ethical dilemma in this situation involves choosing whether one is willing to risk his or her own life with the purpose of saving the lives of others. The fact that the person in charge of this decision is in a safe
Pirate Steel Ethics Case Study Three issues are the main challenges in this case study. One is the theory of rights, which is particularly imperative in the existence of an organization. This theory claims that all parties should be well represented and has utmost satisfaction. There should be no violation of rights for any of the parties. In this case study, all the parties should have information on the proceedings of
Medical Ethics Case Study Who Can Prescribe Medicine? Does Jerry's medical training qualify him to issue this refill order? Why or why not? Generally, LPNs and medical assistants are qualified to dispense medication prescribed by a physician ("Medical assistant, 2011). A medical assistant is a trained medical professional who works under the supervision of a board-certified physician ("Medical assistant, 2011). Typically, a medical assistant's work is administrative, but it may also include clinical