The steering mechanism defect of the vehicle made it unfit for ordinary use ultimately causing the injuries. If the laws were such that a vendor could be released from liability in advance, most of them would use this as standard practice to release them from being held accountable. This would leave the consumers at a complete disadvantage and ultimately wouldn’t be good for either side in the bigger
3. Should the individual tell the current leader about the discussion? It is purely unethical to keep what is happening from the current leader. However, due to the circumstances she has no choice but not to tell. It is really none of her business that he is getting fired and getting herself involved could make for a messy situation.
While Deloitte & Touche were not charged with criminal wrongdoing, perhaps their integrity would not have been questioned if better care had been taken to observe the guidelines set out for the auditing profession. Several ethical principles were violated with regards to the Nortel accounts. The Nortel executives were not trustworthy when they intentionally manipulated the financial statements. (French, 2013) However, Deloitte & Touche also did not disclose the irregularities that they observed to any higher authorities which violated the principles of trustworthiness, responsibility, and citizenship, which requires offenders be reported. The caring principle of intending to do no harm was violated as soon as Deloitte & Touche provided a clean opinion on Nortel’s financial statements after learning of the irregularities.
When the auditors are provided with an incorrect address for Wow Wee’s receivable, the auditors could not contact the client’s customer. They solely rely on the former CFO’s offer to contact the appropriate individual at Wow Wee to ensure that the confirmation was returned to Coopers. However, this is a big mistake because it gives the CFO an opportunity to forge a confirmation. This mistake involves negligence on the auditors because they should be aware of this red flag. It is highly possible for the CFO to forge a confirmation about the accounts receivable.
In the case of Marion Shaub, the HR department at FedEx failed by not taking the concerns of their employee seriously. When the initial complaint was filed with Marion's supervisors, a discreet investigation should have been conducted by an impartial party (not her direct supervisors) in order to determine if her concerns were valid. Instead, they put the safety of their employee at risk by not taking any action. In fact, the accused were made aware that these complaints were made against them which caused Marion to begin working in a hostile work environment. When the situation became worse, the supervisors should have been reprimanded or even fired for their lack of action and their involvement with the harassment.
In addition, “consumers have the basic right to be protected from the loss or injury caused on account of defective goods”. This becomes an ethical issue when Consolidated did not inform consumers because of fear of losing the contract or in other words, “profit” all while knowingly putting the lives of others at risk is morally and ethically wrong. (Schooling) For this issue as a resolution, lives should not have been placed at risk in the first place. A product recall should have been done to replace the flak jacket before anything occurred. This would have caused some negative media but in the long run Consolidated would have been
Webopedia is not considered a reliable resource and should never be used in your research for academic submissions. No reference listed. Score 10/15 Answer box 3: The response to this question should have centered on new legislation and if it would be effective rather than the financial crisis. When unethical issues arise there are usually new legislation created to try and prevent future abuse. It is up to the companies to enforce ethical behavior.
She’ll be upset you’re skipping. Won’t she mark it on your record? You don’t want to be kicked out like some street con” (Lu 35). Clearly displayed though this quote citizens who live in poor sectors are perceived to be thieves. These implications serve a purpose in that the people who are living in these circumstances have no way of escaping their economic conditions because of the dehumanized state the slums serve.
It was their job to search for any errors or fraud that may be occurring. The internal auditors should have been randomly combing through the accounting records without notifying the employees. It would have been difficult for Pavlo to continue his schemes if there auditors were doing their job. Part of Pavlo’s fraud included lapping in which he would use the cash from one customer to pay down a
In addition, how can your superiors trust you if you can not admit when you are wrong before any real actions have take place. 3. Mr. Barnhill may have had the estimates reviewed by other accountants and they may have caught your error and he may praise your fast paced ownership of your mistake and respect you more. Mr. Barnhill shouldn’t take responsibility unless he failed to look over the estimates prior to submitting them into the President of the company. 4.