Business Ethics Research – Accountant
You are the head accountant for XYZ Corporation. Lately the corporation has not been doing well. The chief executive officer (CEO) and the chief financial officer (CFO) are concerned that the value of XYZ stock will decline. It is time to submit financial statements for public information. The CEO and CFO have asked you to do some “creative accounting” and prepare financial statements that show excellent business results for the corporation. The CEO has hinted that your continued employment may hinge on the statements. You know that you will need to prepare fraudulent statements if you comply with the CEO’s request.
Using a word processing program, prepare a paper (one inch margins, single space) discussing your options and state what you decide to do under each of the following scenarios:
1. You are age 26, married with no children, and renting your apartment. You have worked for XYZ for four years. You are a CPA but have no public accounting experience.
2. You are age 46, married with two children who have just started college, and are paying a mortgage on your home. You have worked for XYZ for twenty four years and will be eligible for a company pension at age 55. You are a CPA but have no public accounting experience.
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