Discussion question Ethics

You are an accountant appointed for only a few months and your finance director has recently commented that all accounting treatments must be made exactly as I have suggested to ensure the growth of the business and the security of all our jobs. Both finance director and you are professional qualified accountants.

You are required to: discuss the ethical issues arising from this scenario, including any actions which the accountant should take to resolve the issues.

Suggested format:

ETHICAL DILEMMA RESOLUTION FRAMEWORK by ACCA: discuss all the steps and link to the questions issues

Step 1 - Identify relevant facts + link to the questions issues

Step 2 - FUNDAMENTAL PRINCIPLES (Integrity/ Objectivity/ Professional Competence and Due Care/ Confidentiality/ Professional Behavior) + Threats to compliance with the fundamental principles: discuss and link to the questions issues (Threats: Self-interest threat/ Self-review threat/ Advocacy threat/ Familiarity threat/ Intimidation threat)

Step 3 - Identify affected parties from the question (Who's being affected?)

Step 4 - Who should be involved in resolution (identify from the question)

Step 5 - Possible course of action + + link to the questions issues