Improving Asset Valuation Processes and Ethical Considerations

In the closing case, Mike and Iris face challenges with inconsistent asset valuation data from various managers. As you engage in this discussion, consider the following questions:

Advice for Distributing Worksheets: If you had the opportunity to advise Mike before distributing the asset valuation worksheets, what recommendations would you have made to streamline the consolidation process? Discuss strategies to ensure consistent and reliable data collection.

Proceeding with Inconsistent Data: Given the inconsistency in the asset valuation worksheets, how should Mike and Iris approach the data they have collected? What steps can they take to resolve the discrepancies and create a reliable list of information assets?

Ethical Decision Making: Suppose Mike and Iris decide to take the highest values from each worksheet without considering the criteria used by the managers and then determine their own rankings among the assets. They later present this compiled list as authoritative, claiming it reflects input from all managers. Discuss the ethical implications of this decision. Is it an acceptable practice, or does it represent an ethical lapse? What should Mike and Iris consider in order to maintain ethical integrity in their asset valuation process.

150-200 words

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APA or MLA style.

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