Question

In: Accounting

You work as an internal auditor for a manufacturer. Your employer has a strict policy against...

You work as an internal auditor for a manufacturer. Your employer has a strict policy against internal auditors engaging in romantic relationships with company employees. All employees frequently are warned that they will be fired if they violate this rule.

Despite this policy, you secretly have been dating a manager in the company’s information systems department. You and this manager always receive excellent performance reviews because you both are talented, experienced employees.

When a company executive began asking questions about this romantic relationship, you both denied having a romantic relationship. In justifying your lying, you reasoned that the company had not suffered any harm so far, but it would sustain significant harm if it had to replace two valuable employees. You, of course, also would suffer tremendous harm if your lives were disrupted and had to find other jobs elsewhere. From the perspective of consequentialism, was it ethical for you to lie?

Solutions

Expert Solution

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

Accounting Ethics In your role as an internal auditor for a car manufacturer, you discovered that...
Accounting Ethics In your role as an internal auditor for a car manufacturer, you discovered that your employer can produce a car engine that will get 8 more miles per gallon than the existing engine. However, the cost of producing this car engine would be an additional $3,000 per car. Assume that a typical driver drives a car for 5 years and 200,000 miles. Also, assume that the cost of a gallon of gas is $5 per gallon and a...
ACCOUNTING ETHICS: In your role as an internal auditor for a car manufacturer, you discovered that...
ACCOUNTING ETHICS: In your role as an internal auditor for a car manufacturer, you discovered that your employer can produce a car engine that will get 8 more miles per gallon than the existing engine. However, the cost of producing this car engine would be an additional $3,000 per car. Assume that a typical driver drives a car for 5 years and 200,000 miles. Also, assume that the cost of a gallon of gas is $5 per gallon and a...
3) You work at a company as an entry level internal auditor. Your manager wants to...
3) You work at a company as an entry level internal auditor. Your manager wants to check the completeness of the audit trail for the purchase of a very expensive asset, which is expected to have a big impact on the way the company does business. Typically, this sort of decision requires a request for tender to be approved. (A request for tender (RFT) is a document put out by the purchaser, letting relevant suppliers know about the opportunity. Suppliers...
Construct a notice of privacy policy (NPP) for your current employer if you work in healthcare...
Construct a notice of privacy policy (NPP) for your current employer if you work in healthcare (do not just copy your organization's existing one). If you do not work in healthcare or do not want to use your current employer for this assignment, please use either the USA Urgent Care Clinic or USA Medical Center as your organization. You should keep your NPP as short and simple as possible while still insuring that all necessary information is included. Remember that...
1. How is the work of an internal auditor different from that of an external auditor...
1. How is the work of an internal auditor different from that of an external auditor (financial statements)? 2. What are the similarities and differences between the ethical codes?
You are a senior internal auditor at BHEL Ltd., a machine tool manufacturer. A draft set...
You are a senior internal auditor at BHEL Ltd., a machine tool manufacturer. A draft set of financial statements for the year have been prepared by management, and it has fallen to you to examine the figures for reasonableness and at the same time identify significant audit areas which may require further work even though your systems audit during the year has proved satisfactory. You are aware of the fact that the company is at present contemplating an issue of...
Part B You are a senior internal auditor at BHEL Ltd., a machine tool manufacturer. A...
Part B You are a senior internal auditor at BHEL Ltd., a machine tool manufacturer. A draft set of financial statements for the year have been prepared by management, and it has fallen to you to examine the figures for reasonableness and at the same time identify significant audit areas which may require further work even though your systems audit during the year has proved satisfactory. You are aware of the fact that the company is at present contemplating an...
You are in your third year as internal auditor with VXI International, manufacturer of parts and supplies for jet aircraft. VXI began a defined contribution
You are in your third year as internal auditor with VXI International, manufacturer of parts and supplies for jet aircraft. VXI began a defined contribution pension plan three years ago. The plan is a so-called 401(k) plan (named after the Tax Code section that specifies the conditions for the favorable tax treatment of these plans) that permits voluntary contributions by employees. Employees’ contributions are matched with one dollar of employer contribution for every two dollars of employee contribution. Approximately $500,000...
You are in your first month as an internal auditor in the corporate offices of Cover-Up...
You are in your first month as an internal auditor in the corporate offices of Cover-Up Fraud-Mart, a large regional variety store chain based in Los Angeles. Your manager has just given you a general overview of the company’s problems with fraud. In fact, losses from fraud exceed losses from shoplifting by 10-fold, and management wants your perspective on what it can do to proactively detect fraud. From your fraud auditing class, you know that the data-driven approach is one...
You are in your first month as an internal auditor in the corporate offices of Cover-Up...
You are in your first month as an internal auditor in the corporate offices of Cover-Up Fraud-Mart, a large regional variety store chain based in Los Angeles. Your manager has just given you a general overview of the company’s problems with fraud. In fact, losses from fraud exceed losses from shoplifting by tenfold, and management wants your perspective on what it can do to proactively detect fraud. From your fraud auditing class, you know that the data-driven approach is one...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT