1. What steps should Bennie Gordon take to ensure that the accounting matter is adequately addressed by...

Question:

1. What steps should Bennie Gordon take to ensure that the accounting matter is adequately addressed by the company? Why do you suggest those steps be taken? What are the ethical obligations of Bennie Gordon, Sarah Higgins, and Sam Thornton?
2. Assume Gordon made a strong case that the accounting did not comply with but his superiors said that the decisions already made were final. They never offered an explanation. What would you do next if you were Bennie Gordon? Would you blow the whistle and, if so, how would you do it? Explain your answer in terms of ethical reasoning.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...