You are an accountant in the budgetary, projections, and special projects department of Cross Canada, Inc., a large manufacturing company. The president, Karim Bousalloum, asks you on very short notice to prepare some sales and income projections covering the next two years of the company's much-heralded new product lines. He wants these projections for a series of speeches he is making while on a two-week trip to eight brokerage firms. The president hopes to increase Cross Canada's share sales and price.
You work 23 hours in two days to do the projections and hand deliver them to the president. You are swiftly but graciously thanked as he departs. A week later, you find time to go over some of your calculations and discover a miscalculation that makes the projections grossly overstated. You quickly inquire about the president's itinerary and learn that he has made half of his speeches. You don't know what to do.
Instructions
(a) Determine what the consequences are of telling the president of your gross miscalculation.
(b) Determine what the consequences are of not telling the president of your gross miscalculation.
(c) Determine what the ethical considerations are for you and the president in this situation.