Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Write 2 Paragraphs For Your Response: Your Comments/Thoughts Between Person 1 Response and Situation Person 1 Response: Okay so the ethical issues are: - professional

image text in transcribed

image text in transcribed

Write 2 Paragraphs For Your Response: Your Comments/Thoughts Between Person 1 Response and Situation Person 1 Response: Okay so the ethical issues are: - professional competency - preserve confidentiality - uphold integrity - perform with credibility Even though Jane was not intentionally causing ham, her negligence in discussing things with her boyfriend and allowing him access to company information on her phone is both a liability and risk. Jane violated some ethical policies because of her negligence. Jane is expected to hold responsibilities, which are to: maintain professionalism, preserve confidentiality, uphold integrity of the company as the accountant and perform her duties with credibility She violated two of these policies: Preserving confidentiality and upholding integrity She should have not discussed her work with her partner, even though when she did so it was not maliciously because the information that was taken due to the lax conversation and password protection ultimately leaked business information that was confidential and benefited another party Situation Ethics and casual conversations: Jane is an accountant at Merelix, a large international firm where she works on potential acquisitions. When Merelix is preparing to acquire a company, Jane is involved in filing the necessary paperwork with the Securities and Exchange Commission (SEC). Jane has been dating Tom for two years, they are now discussing marriage. Tom works as a salesperson for a golf equipment distributor. Over the past two years, Jane has talked with Tom about what she's doing at work. She does not go into great detail, but does occasionally mention company names. Jane has given her phone passcode to Tom so he can answer calls for her or look things up for her when she's the one driving. Tom has read some of her emails by using the phone passcode. He has also eaves dropped on a few phone conversations she has had when a colleague calls her from work with a question. Unbeknownst to Jane, Tom has been sharing the information he has gotten from her with his stockbroker friend, Allen. Tom will call Allen to give him a "heads up" that Jane's company is going to be acquiring another company soon. Allen will then place an order to buy the stock of the company and will later split the profits with Tom Jane has not shared any information intentionally, nor has she directly profited from it. Write 2 Paragraphs For Your Response: Your Comments/Thoughts Between Person 1 Response and Situation Person 1 Response: Okay so the ethical issues are: - professional competency - preserve confidentiality - uphold integrity - perform with credibility Even though Jane was not intentionally causing ham, her negligence in discussing things with her boyfriend and allowing him access to company information on her phone is both a liability and risk. Jane violated some ethical policies because of her negligence. Jane is expected to hold responsibilities, which are to: maintain professionalism, preserve confidentiality, uphold integrity of the company as the accountant and perform her duties with credibility She violated two of these policies: Preserving confidentiality and upholding integrity She should have not discussed her work with her partner, even though when she did so it was not maliciously because the information that was taken due to the lax conversation and password protection ultimately leaked business information that was confidential and benefited another party Situation Ethics and casual conversations: Jane is an accountant at Merelix, a large international firm where she works on potential acquisitions. When Merelix is preparing to acquire a company, Jane is involved in filing the necessary paperwork with the Securities and Exchange Commission (SEC). Jane has been dating Tom for two years, they are now discussing marriage. Tom works as a salesperson for a golf equipment distributor. Over the past two years, Jane has talked with Tom about what she's doing at work. She does not go into great detail, but does occasionally mention company names. Jane has given her phone passcode to Tom so he can answer calls for her or look things up for her when she's the one driving. Tom has read some of her emails by using the phone passcode. He has also eaves dropped on a few phone conversations she has had when a colleague calls her from work with a question. Unbeknownst to Jane, Tom has been sharing the information he has gotten from her with his stockbroker friend, Allen. Tom will call Allen to give him a "heads up" that Jane's company is going to be acquiring another company soon. Allen will then place an order to buy the stock of the company and will later split the profits with Tom Jane has not shared any information intentionally, nor has she directly profited from it

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

TExES Business And Finance Secrets Study Guide

Authors: TExES Exam Secrets Test Prep Team

1st Edition

1516706862, 978-1516706860

More Books

Students also viewed these Finance questions