The CFO for a corporation deliberately misstates expenses on the income statement purely out of a sense of loyalty to his CEO and the company. The CFO will receive no financial incentive for this misstatement. In fact, he risks losing his job by doing this. Is this an ethical violation for the CFO? Why or why not?
In the primary interest of our entity, its incumbent upon employers to find a right balance between the exceptions to the employment-at-will doctrine to avoid liabilities associated with the violations of the exceptions. The company in this scenario has grounds to terminate the supervisor, but I would issue him/her a written warning hoping that this situation can be resolved among us within our company. This is the case where the potential act of whistle blowing would help reveal the wrongdoing of the business world. I strongly believe that it takes a special person with strong morals to take the ramifications of whistle blowing. Losing a prized job, having to down size your life, and your life being wide open to scrutiny are effects of whistle blowing.
I just guess.For the shareholder’s, they will absolutely withdraw the contract.For owners of vehicles, they will try their best to check the machine and explain why to the chair of this company. | Question #3 | Discuss the potential consequences for Robert, ABC’s employees, ABC’s shareholders, and owners of vehicles equipped with the problem gas tanks if Robert does NOT report the problem to the NTSB. This will require at least one paragraph. | Potential consequences for Robert: If he does not reports the problem to the NTSB, he will not be expired or found by someone else, but at last, if this problem has not solved, he will need to explain or make up for the company, however, if the problem has solved at last, he will feel guilt in the process of the entire process. For ABC’s employees, the shareholder’s, owners of vehicles, they will have no potential consequences.
I do not believe that this viewpoint is a good idea. Having an established set of accounting principles is essential to make sure rules and regulations are followed. Information for comparisons between companies would not be consistent and it would be harder to compare the information. It could also be easier for companies to hide damaging information, which could harm investors. Making an investor pay for the additional information could also make the investor feel that their investment is not important and that they may pull out their money.
The BBC is a public company whose purpose is to provide a service without the intent of making a profit. The aims and objectives they have differ from the initial purpose the company was created, but the aims and objectives help the company fulfil the purpose more efficiently. As an owner the influence must be vital for the customers concerns and also employees. Simply because the owner is the stakeholder who runs things within the business organisation. So if anything goes wrong, for example if the BBC organisation was shut for a full one whole day it would affect the organisation a lot because the customers expect to see the broadcasts, hear the radio and read the online.
Happy Trails, LLC have the right to campaign just as the union organizers do. (National Labor Relations Board, 2013) This could be a pamphlet that discusses the pros and cons of unionization and what unionization could mean to them in their industry. This information should try to be as non-biased as possible to show the staff that the organization can be trusted not to provide false claims. I would also advise this employer not to say anything derogatory about the union but instead state the benefits of a non-union environment. Tell employees they do not need to talk to union organizers, that they can vote against the union, and that the independent living home does not welcome the
This provides the most feasible resolution because of the ability to integrate the governmental regulations and for McBride to begin adhering to more ethical practices while maintaining some level of control and creating greater consumer trust. The current path of unethical practices, the insistence on maintaining total decision making control, and lack of corporate governance will lead McBride towards financial destruction and /or being removed as the CEO of his organization by the board
An independent audit is a means of satisfying the need for reliable information on the part of decision makers. Factors of a complex society which contribute to this need are: • Remoteness of information a. Owners (stockholders) divorced from management b. Directors not involved in day-to-day operations or decisions c. Dispersion of the business among numerous geographic locations and complex corporate structures • Biases and motives of provider a. Information will be biased in favor of the provider when his or her goals are inconsistent with the decision maker’s goals.
The problem with this lies in that others may commit fraud or continue to commit fraud because they know the company won’t prosecute. Law enforcement officials could make it a law that companies have to come forward when they are aware of fraud and prosecute the perpetrator. Another thing that can be done, since companies are afraid of this being public, law enforcement can make it more private. If employees know this is implemented, then they will be less likely to commit
Higher unemployment rates lead to a more devastating economic crisis resulting in the failure to re-elect a democratic President or more precisely, our current President. These “truths” are not openly admitted to the general population and one can argue that they do not serve to benefit the good of the people of this economic state but rather benefit the political party. One can argue that politicians are mainly focused on their personal success but aren’t all of us