Explore BrainMass
Share

Explore BrainMass

    six-step approach to resolve three ethical dilemmas

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Businesspeople facing ethical dilemmas are not uncommon; however, how one chooses to resolve the situation is critical. At TPC, a six-step approach has been used very successfully. They are these:

    1. Obtain the relevant facts.
    2. Identify the ethical issues form the facts.
    3. Determine who is affected by the outcome of the dilemma and how each person or group is affected.
    4. Identify the alternatives available to the person who must resolve the dilemma.
    5. Identify the likely consequence of each alternative.
    6. Decide the appropriate action.

    Using this six-step approach, list three ethical dilemmas a CPA at TPC might face, resolve the dilemmas, and decide the appropriate action.

    © BrainMass Inc. brainmass.com October 10, 2019, 1:11 am ad1c9bdddf
    https://brainmass.com/business/business-ethics/324480

    Solution Preview

    1. Obtain the relevant facts.
    2. Identify the ethical issues form the facts.
    3. Determine who is affected by the outcome of the dilemma and how each person or group is affected.
    4. Identify the alternatives available to the person who must resolve the dilemma.
    5. Identify the likely consequence of each alternative.
    6. Decide the appropriate action.

    There are three ethical dilemmas a CPA at TPC might face. One dilemma is that is that one CPA team member Fredrick's relative is a member of the board of directors at TPC and Fredrick is likely to promote the interest of TPC. The second dilemma is that another audit team member Andrew has sued TPC for wrongly billing his wife. Andrew is not likely to be objective during the audit of TPC. Third, you as a CPA come across confidential information about TPC that does not directly affect the accounts of TPC but casts ...

    Solution Summary

    six-step approach to resolve three ethical dilemmas is discussed very comprehensively in this explanation..

    $2.19