Question
In doing your audit, you were faced with various situations involving ethical considerations. Decide on the following: 1) Will you recommend that your Company demand
In doing your audit, you were faced with various situations involving ethical considerations. Decide on the following: 1) Will you recommend that your Company demand that your contractors/suppliers adhere to principles of human rights, safe work environment, and respectful treatment of workers? Explain your answer. 2) Your Company's tax consultant proposed a tax saving measure that will help your Company to avoid a certain tax (tax avoidance is legal means to have tax savings, contrary to tax evasion) that would result to a significant tax savings, and eventually add up to the profits distributable to shareholders. This will, however, remove the Company from the list of top 10 tax payers in terms of amount of tax paid. Would you recommend the implementation of the proposal of your tax consultant? Explain your answer. 3) With no significant variance on the effect on the Company's finances and operations, would you recommend that your Company hire more employees paid at minimum wage, or lesser number of employees and pay them higher amounts in accordance with their qualifications? Explain your answer.
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