Discuss scenario where you apply the accounting codes of conduct and your own personal and professional...

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Accounting

Discuss scenario where you apply the accounting codes of conductand your own personal and professional code of ethics. I

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Financial managers sometimes must choose between adhering to a personal code of ethics and meeting a CEOs demands The ethical issue can be black and white but more often than not there are shades of gray whats legal and accepted isnt always ethical At the very least succumbing to pressure could compromise your personal values At worst you could end up in the soupA CFO and CPA is employed by a private wholesale company and is required by a state to charge sales tax on a sale to a customer but the CPA directs employee not to do so The customer is not registered in the state where the sales tax needs to be charged The CPA feels that no one will catch the missing sales tax money and that he is justified as the President of the Company wants it this way They are both CPAs and regularly do not charge sales tax if the customer says they are exempt but are not registered in the state or other excuses The Controller also a CPA was terminated for objecting to this and his replacement goes along with what the CFO and President say The Organization Code of Conduct the code requires directors key volunteers and employees to observe high standards of business and personal ethics in the conduct of their See Answer

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