Mary reports on a coworker's misappropriation of funds to the CFO. A week later she is...
Mary reports on a coworker's misappropriation of funds to the CFO. A week later she is demoted. What effect is this incident likely to have on the company's ethical environment?
Homework Answers
- Mary has done something which is in the benefit of the company by reporting about a fraudulent transaction to the CFO.
- But Mary being demoted after doing the same is something unethical in the company's environment.
- There might be a chance that the CFO himself had a hand in the misappropriation, as CFO is the top financial officer, he should take care of fraudulent transactions, but he himself involving in those is not good for the company.
- Thus incident clearly has a negative impact on the company's ethical environment.
- If the auditor identifies the misappropriation, he should definitely take this point to the directors to take a serious action of removing the CFO with immediate effect.
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