An engineer employed by a large multidisciplinary accounting firm has spotted a condition in a client’s plant that is seriously jeopardising the safety of the client’s workers. The engineer believes that his/her professional engineering code requires him to report this condition to the authorities, but professional accounting codes do not. How should the head of the firm resolve this issue?
Answer to relevant QuestionsTransfer pricing can be used to shift profits to jurisdictions with low or no tax to reduce the taxes payable for multinational companies. If such profit shifting is legal, is it ethical? Was Apple well-advised to shift $30 ...Why is maintaining the confidentiality of client or employer matters essential to the effectiveness of the audit or accountant relationship?1. What conditions appear to have allowed the Parmalat situation to get out of control?2. What specific audit procedures could have uncovered the Parmalat fraud earlier?3. What audit steps should Deloitte have taken with ...What advice would you give?Excuse me, we are both professional accountants, and I need some advice. I have a full-time management position with a company. I was wondering if I would be in violation of our Professional Code ...1. Do you think that the gross value method distorts earnings because it overstates revenue?2. The total cash that the company receives is the same regardless of the method the company uses to report revenue. So, is one ...
Post your question