In each of the following scenarios, outline the ethical problem and suggest ways in which the organisation
Question:
In each of the following scenarios, outline the ethical problem and suggest ways in which the organisation may solve the problem and prevent its recurrence;
(a) A director’s wife uses his company car for shopping.
(b) Groceries bought for personal use are included on a director’s company credit card.
(c) A director negotiates a contract for management consultancy services but it is later revealed that her husband is a director of the management consultancy company.
(d) The director of a company hires her son for some holiday work within the company but does not mention the fact to her fellow director.
(e) You are the accountant to a small engineering company and you have been approached by the Chairman to authorise the payment of a fee to an overseas government employee in the hope that a large contract will be awarded.
(f) Your company has had some production problems which have resulted in some electrical goods being faulty (possibly dangerous) but all production is being dispatched to customers regardless of condition.
Step by Step Answer:
Financial Accounting And Reporting
ISBN: 9781292255996
19th Edition
Authors: Barry Elliott, Jamie Elliott