You are an accounting clerk for a major league sports franchise. Your responsibilities do not include any

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You are an accounting clerk for a major league sports franchise. Your responsibilities do not include any end-of-period activities. You learn that a co-worker made a significant error on the work sheet. It will affect the financial statements. You wonder whether to report the error or assume that someone else will catch it.

ETHICAL DECISION MAKING

1. What are the ethical issues?

2. What are the alternatives?

3. Who are the affected parties?

4. How do the alternatives affect the parties?

5. What would you do?

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