Thursday, August 11, 2011

Upon graduating from Ethics University five years ago, you accepted a job with Peat & Price CPAs. After thr?

Upon graduating from Ethics University five years ago, you accepted a job with Peat & Price CPAs. After three years with that firm, you joined MiniCare Health Company as an audit senior and are now an audit manager with that company. Not long after being promoted to audit manager, you noticed that the executives of the company were doing things that you didn't think were appropriate. The company over billed Medicare on several occasions, and several members of senior management were abusing their positions by taking company perks that were against the company's code of conduct. You have talked to your superior, the financial vice president. He has, in essence, told you to mind your own business. He told you that auditors are to report on controls and ist management, not question it. You are currently making $100,000 a year, far more than you could earn in another company at this stage in your career. Which elements of the IMA Ethical Code are the company’s executives violating? Use the Langenderfer and Rockness eight-step framework to decide how you would respond to this situation.

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