Locker Room Talk Ethics Case

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Individual: Fully applying a decision-making framework LeAnn Lewis IT/220 1/20/13 Bryan Baker Locker Room Talk Ethics Case The Locker Room Talk ethical case outlines a situation that is an ethical dilemma for CPA Albert Gable who has performed personal financial planning for Larry and Susan Wilson. Mr. Gable became personal friends with the Wilson’s while preparing the financial plan for them that lasted for six months. And was also involved in their personal relationship and seriously discussing a divorce among the couple. During this period Mr. Gable had to perform the annual audit for one of the largest banks in the town where they all live. During his audit test, the sample pulled included the Wilson’s loan information selected as random. Mr. Gable notice the information in the loan files did not agree with his facts personally so he became somewhat concerned because the Wilson’s loan does not coincide with the information given to him during the personal financial planning. He did not disclose his client relationship with the Wilson’s, but he did discuss their loan in detail with a loan officer. The loan officer also had a personal relationship with Larry Wilson because they were college classmates and now they play golf together weekly. The loan officer confided in Mr. Gable that Mr. Wilson was setting up his business to divorce his wife without any compensation. This situation puts Albert Gable in a situation with a conflict of interests. As the CPA, his professional business ethics are at risk and his personal reputation is on the line. He also has a large bonus weighing of his decision. Not only that also to contribute to support tuition and expenses for his youngest daughter, who will be starting as a freshman in college next fall. With Mr. Gable’s profession as a CPA, the Wilsons came to him to prepare a financial plan. Meanwhile Mr. Gable was

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