1. Before hearing any of your group's comments on this situation, and from the perspective of your assigned role, decide if there are any ethical issues confronting the head accountant in this situation. If so, write them down. Accountants are often entrusted with private, sensitive information that should be used confidentially. In this exercise, you're encouraged to think about ethical considerations that might arise when an accountant's career choices come up against a professional obligation to maintain confidentiality.

The Dilemma Assume that you're the head accountant in Turbatron, a large electronics firm that makes components for other manufacturing firms. Your responsibilities include preparing Turbatron's financial statements that are then audited for financial reporting to shareholders. In addition, you regular1y prepare confidential budgets for internal use by managers responsible for planning departmental activities, including future investments in new assets. You've also worked with auditors and CA consultants that assess financial problems and suggest solutions