Ethical Responsibilities

Each person in one of your accounting classes is required to write a report on an accounting topic. Included in the report must be a discussion from a specific library book. When you go to the library, you find that the only copy of the book is missing. While sitting at a study desk, you overhear one of your classmates say that he has "misfiled" the book in the library so he can use it again later without having to wait for other students to finish using it.

Required:

Discuss the steps you would take to address this ethical dilemma. It is not necessary to state what ethical action you would take, but be prepared to discuss your reasoning for each step.