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Decision-Making Processes and Ethics in Accounting

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What role can an accounting professional play in ethical corporate decision making? Should an accounting professional play a role even when if he or she is not the final decision maker? Explain your answer.

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Solution Summary

This solution is a short discussion of the roles that the accountant can play in the decision-making process and how the assistance can be an ethical force in 455 words.

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The most likely role that an accounting professional can play in ethical corporate decision making is that of illustrating the financial effects of the various choices that can be made by the decision makers. Even when the accounting professional is not the final decision maker they will need to be involved because often times the decisions will have financial impacts either directly or indirectly. Some service is needed or the lack of service(s) creates negative consequences.

An illustration is that suppose there is a choice to be made regarding whether or not to hire employees or independent contractors or pay a larger contractor. Lets suppose that the "job" that needs to be ...

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