You are a CFO for a large manufacturing company. You are also a CMA and IMA...

You are a CFO for a large manufacturing company. You are also a CMA and IMA member. You own and manage two apartment buildings in the town where the company you work for is located. You have a vacant apartment for rent. A single mother with two small children has applied to live in the apartment. You decide not to rent to her stating that you do not want small children in the apartment. However, there are a number of families living in the adjacent apartment building. You spend evenings and weekends working on these apartments and occasionally must take time off during weekdays to meet contractors, etc. You do not believe that the apartment rental business interferes with your duties as a CFO. Have you violate any professional ethical standards?

Expert Solution

A Cheif Financial Officer of the company is expected to uphold the highest level of integrity while discharging his professional duties. If the CFO of a company has a vacant apartment and wishes to rent it, the choice of tenants is entirely upto him. The fact that he does not want small children in the apartment might be due to many factors such as the furniture being unsafe or the apartment being located on an altitude. This is in no way related to his professional duties and thus , it is safe to say that he has not violated any professional ethical standards.

ekkarill92 answered 2 years ago

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