Please share with your own experience.

The situation: Assume that you are the newly hired Controller in Company (which is a publicly traded corporation). Discuss a memo to the appropriate person in company with detailing below:

• The ethical issue(s) in the above situation.
• Your responsibilities as a management accountant using the Statement of Ethical Professional Practice which you know
• Analyze if the situation is different because Company A is a publicly traded corporation versus being owned by one individual.
• Which stakeholders will be harmed by the slack proposed in the master budget and how?
• Discuss how the goals of budgeting (as given in the text book) are being violated.
• What steps do you plan to take in this specific situation with the Master Budget prepared by you?
• Discuss the actions requested of the recipient of this memo.