Question

Chapter 4 Professional Ethics Assignment For each of the two cases presented below, address the following: Indicate why the scenario is an ethical dilemma. Discuss the ethical issues involved, including all potentially affected parties. Identify the alternative actions available. Identify which action you would choose and the reasoning behind your decision. Indicate whether the situation is addressed in the AICPA Code of Professional Conduct. ere there is no clear guidance in the Code, apply the threats, significance, safeguards approach to evaluate situation. Cases I. Your client,Over Armour is a manufacturer of sporting shoes distributed through various retail chains. The company made a larger than normal shipment in December to its major customer, The Athletic Foot. You sent the customer a confirmation and it was returned verifying the receivable balance. However, the invoice for the shipment has not been paid. When you inquired of the sales manager, he stated "I told them that they didn't need to pay ule until they sold the shoes, and we would take back any they couldn't sell. Sometimes you need to offer a little extra to get a customer to take more product." You raise your concerns with your in-charge,Jason Dormand. He responded "The customer confirmed the balance right? That's all you need to know. I'm not going to be the one to tell the client that ean't Jason is regarded as a top performer in the firm, while your evaluations have been only average. You would like to be able to stay with the firm and be promoted. You fairly significant amount on your student loans and have also been helping your disabled mother with her rent payments. You only have one more part of the CPA Exam to pass and also need six months additional experience to obtain your CPA license. 2. You have served on the audit for Southern Sports Network (SSN) for the past five years ently signed an agreement to sponsor and just became the manager on the audit. S the Super Bowl for the next three years.(Ron Sterling, SSN's CFO, knows that you and your father are big football fans. While you 50 key customers in our suite at the Super Bowl this year. Why don't you and your father come as one of our guests." Your father's dream is to attend the Super Bowl but the tick prices have not been affordable for him. Ron says "Let me know by tomorrow. We have to finalize our guest list for security ente is office, he says "We will be hosting

Answer 1