This week your immediate supervisor assigned you as the senior in charge of an audit of an
Question:
This week your immediate supervisor assigned you as the senior in charge of an audit of an important international client in New York City because of your excellent work, and because she learned how well you performed in your Foothill Accounting Ethics course. She also made it clear that if he (the client) is not happy with you, your firm could lose the client or you could be demoted. While in New York, the client offers you box seats to a Broadway play you and your spouse (who is in town with you) have wanted to see for years, but tickets must be bought many months in advance. Further, in preparation to interact with the client, you researched the culture of his country and discovered that refusing a gift is considered an insult. DISCUSSION:
Based on these facts, summarize the ethical reasoning method you would use when deciding whether to accept the tickets. The discussion must include an approach that is (i) based on this week’s assignment, and (ii) narrowly tailored to the accounting profession based on your current and general understanding of the profession’s rules and procedures.
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay