Business ethics Essay

The side regarding excogitate First is a very interesting case as it allows for a discussion to take agency in relation to ethics. Ethics could be defined as moral principles that place a persons or groups behavior. In former(a) words, ethics allow for individuals to distinguish surrounded by right and wrong, and to make decisions based on what is right or wrong for every(prenominal) particular situation. In this situation, light-haired, the part-time bookkeeper of Fashion First is approached with a situation where she sight that $500 cash was missing from from each unrivalled deposit while she was looking with weekly deposit chats. aft(prenominal) a more thorough inspection of the monthly tax documents that the owner of Fashion First, go Thompson (her manager) filled out, she noticed that the monthly porcine revenue was $2,000 less than what had very been counted. After she approached Buzz Thompson about the scenario, Buzz insist that she shouldnt be concerned since s he wasnt the person who signed the forms. This brings up an honorable dilemma that allows for a discussion on what the right matter to do is, and how morality could affect the decision made by Sandy.This case is very interesting overdue to the fact that Sandy is only an houseman who is an accounting student at a University. Heather Hunter, a Senior in the CPA firm, was one for Sandy to go to if in need of anyone to talk to or attain advice from for anything regarding the company. Sandy mentioned to Heather her association of unlawful actions regarding Fashion First. Sandys concern related to the handling of gross sales revenues, as monies are counted and deposited on a weekly basis as a chart is filled out with categories guardedly delineating the type of payment cash, checks, American Express, or Visa/Mastercard.She would bring her chart to her employer (in this case Mr. Thompson) and her employer would bring his own written in total of the actual amount deposited on his own chart, basically comparing the dickens charts. The issue in this case of apparent fraudulent behavior completely disregards the IMA dictation of Ethical Professional Practice and its principles. This IMA description follows the principles of honesty, fairness, objectivity, and responsibility, and if any member fails to comply with the pursuit standards may result in disciplinary action.Mr. Thompson clearly fails to comply with the standards of the IMA Statement in many ways. In regards to competence, Buzz fails to do professional duties in accordance with relevant laws, regulations, and technical standards and fails to provide decision behave information and recommendations that are accurate, clear, concise, and timely. The amounts in his chart are low in par to the chart calculated by Sandy therefore the information is inaccurate, and not concise, as it is against the law.In regards to mysticality, it is mentioned to refrain from using confidential information for uneth ical or nefarious advantage. Mr. Thompson does the complete opposite as he misappropriatedly mistakenly counts $2,000 less than what had actually been counted in Sandys chart. This is illegal advantage as that $2,000 is in his pit at the end of the day. In regards to Integrity, Mr. Thompson disregards the responsibilities which evidence refrain from engaging in any conduct that would prejudice carrying out duties ethically and abstain from engaging in or supporting any activity that capacity discredit the profession. It is obvious that what he is doing is illegal, and that it discredits the profession. In regards to credibility, Mr. Thompson does not communicate information jolly and objectively, as he tells Sandy that she shouldnt be concerned since she isnt the one who signed the forms. This is unethical behavior by Buzz Thompson, and Sandy did the right thing by approaching him in regards to the situation.