Assignment
ETHIC REVIEW
Facts: You are now a Manager at a second tier CPA firm. Your direct Senior Manager has asked you to prepare a write up of a current case study (Chapter 6,Case 6-8). Your analysis will be provided to the staff and seniors during in-house training so that they can learn how to analyze professional decisions in an ethical situation. Below your Senior Manager has provided a frame work of how each case should be analyzed in a five-step process.
Format: 12 font; Time New Roman font and 4 pages double spaced.
Analyzing Ethics Cases
Step 1: Identify the Issues
1. What are the major ethical issues raised by this case?
2. What are the major factual issues raised by this case?
3. What are the major accounting issues raised by this case?
4. Who are the major stakeholders in this case? (Stakeholders refer to all individuals whose interest could be affected by the decision made in the case).
Step 2: Outline the Options
1. What are the main alternative actions or policies that might be followed in responding to the ethical issues in this case?
2. What are the major views on the ethical issues raised by this case?
3. What facts are unknown or controverted that might be relevant to deciding this case (may require research to determine some facts).
Step 3: Construct Ethical Arguments
1. Determine which of the ethical principles/standards apply to this case (moral development; egoism; virtue; deontology; teleology; justice)
2. Identify the accounting principles (i.e., ethics codes of conduct and GAAP) that can be invoked to support a conclusion as to what ought to be done ethically in this case or similar cases?
3. Determine whether the different ethical standards/accounting principles yield converging or diverging judgments about what ought to be done?
Step 4: Evaluate the Arguments for each Option
1. Weigh the ethical reasons and arguments for each option in terms of their relative importance.
2. Determine whether there are any unwarranted factual assumptions that need to be examined in each argument.
3. Determine whether there are any unresolved conceptual issues in each argument.
Step 5: Make a Decision
1. Decide which of the identified options you would recommend or judge to be the ethically best way to deal with the issue presented in this case based upon which option has the strongest ethical reasons behind it.
2. Determine how a critic of your position might try to argue against it using other ethical reasons, and present a rebuttal or counter-argument in defense of your judgment.
Case 6-8 Con-way Inc. Summary of Findings.
Questions
1. The FCPA distinguishes between so-called facilitating payments and more serious activities. Do you think such a distinction and the related penalties for violations under the Act make sense from an ethical perspective? Use the utilitarian analysis to support your position.
2. Assume the auditors of Con-way knew about the accounting for FCPA payments in the books and records of the company. Do you think the auditors would be guilty of: (1) ordinary negligence; (2) gross negligence; or (3) fraud? Explain.
3. Given that the FCPA permits facilitating payments, do you believe it is ethically appropriate for companies to deduct such payments from their income taxes? Why or why not? What about outright bribery payments? What does the law require in each instance with respect to tax deductibility?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Attachment:- Case-Con-way-Inc.rar