There have been several major ethical accounting cases in organizations recently. Please research any organizational issues pertaining to accounting and ethics. Then:

Determine the facts of the situation. This involves determining the who, what, where, when, and how.

Identify the ethical issue and the stakeholders. Stakeholders may include shareholders, creditors, management, employees, and the community.

Identify the values related to the situation. For example, in some situations confidentiality may be an important value that may conflict with the right to know.

Specify the alternative courses of action.

Evaluate the courses of action specified in step 4 in terms of their consistency with the values identified in step 3. This step may or may not lead to a suggested course of action.