Ethical Obligations and Decision-Making in Accounting 2nd Edition by Steven Mintz, Roselyn Morris

Exercise 12

In the discussion of loyalty in this chapter a statement is made that: “Your ethical obligation is to report what you have observed to your supervisor and let her take the appropriate action.”  We point out that you may want to take your concerns to others.  Do you think there are any circumstances when you should go outside the company to report financial wrongdoing?  If so, to what organization would you go?  Why?  If not, why would you not take the information outside the company?

Step 1 of 2

Ethics:

Ethics in the accounting profession is defined as guidelines and principles. It includes laws and standards of behavior.