Read Ethics Case CT9.5 and address the following questions:

1. Please define the word "ethics" and summarize what issues/ramifications might apply to this example.
2. What would you do if you were the accountant in this scenario?
3. Who are the stakeholders who would be affected in this scenario?

CT9.5: You are an accountant in the budgetary, projections, and special projects department of Fernetti Conductor, Inc., a large manufacturing company. The president, Richard Brown, asks you on very short notice to prepare some sales and income projections covering the next 2 years of the companys much-heralded new product lines. He wants these projections for a series of speeches he is making while on a 2-week trip to eight East Coast brokerage firms. The president hopes to bolster Fernettis stock sales and price.

You work 23 hours in 2 days to compile the projections, hand-deliver them to the president, and are swiftly but graciously thanked as he departs. A week later, you find time to go over some of your computations and discover a miscalculation that makes the projections grossly overstated. You quickly inquire about the presidents itinerary and learn that he has made half of his speeches and has half yet to make. You are in a quandary as to what to do.