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3102AFE AUDITING TRIMESTER 3 2018 Ethical Dilemma Case Study Assignment Assignment Due Date: Monday 10 th December at 9.00am Weighting: 20%. Instructions to students 1. This is an assignment done in...

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3102AFE AUDITING
TRIMESTER 3 2018
Ethical Dilemma Case Study Assignment
Assignment Due Date: Monday 10
th
December at 9.00am
Weighting: 20%.
Instructions to students
1. This is an assignment done in pairs. Students form their own pair. Students register into
their self-formed pairs via the link on L@G in the ‘A1 - Paired Written Assignment: Ethical
Dilemma Case Study’ folder under the Assessment folder.
2. The submission must be typed.
3. Include a copy of the marking guide with the final submission with students’ names and
numbers completed.
4. Students can submit up to two drafts in the “A1 – Paired Written Assignment: Ethical
Dilemma Case Study DRAFT Submission Point” – DO NOT submit the final submission in
this folder (it will not be read nor marked). The purpose of the draft submission point is so
you can check for text matching to ensure academic integrity is not
eached.
5. Final Submission of the assignment- the assignment is to be submitted THROUGH SAFE
ASSIGN at Learning@Griffith under the ASSESSMENT/Group Assignment folder where it
says: ‘A1 – Paired Written Assignment: Ethical Dilemma Case Study FINAL Assignment
Submission Point’. Each member of the pair must complete the A1 – Cover Sheet.
6. The assignment is marked out of 30 marks. 25 marks are awarded for the application of the
AAA model to the ethical case study scenario. 5 marks are awarded for written
communication which includes proper grammar, spelling and clarity of expression.
Ethical Dilemma Case:
Janice Roberts is an accountant for a large company that manufactures pet food and supplies
in Australia known as Pet Plus Pty Limited.
As part of her duties, Janice notices a few i
egular cheque requisitions where the numbers
are of sequence and one of the payee’s is an unknown entity. Despite this, supporting
documentation appears attached to these cheque requisitions.
Janice decides to report the matter to her manager, the Chief Financial Officer (Brett
Andrews) who promises to look into the matter and get back to her shortly. However, after
two weeks Brett has not approached Janice to explain or discuss further.
At the first opportunity, Janice asks Brett about the cheque requisitions and he assures her
that he “has looked into it and there is absolutely nothing to wo
y about”. He asks her to not
to raise the issue again “otherwise she may be looking for a new job”. Janice decides to go
about her work and not question Brett about this again.
A few months later, Janice’s assistant (Audrey Miller) confides in her that she is concerned
that the Chief Financial Officer and the General Manager are working together and stealing
large sums of money from Pet Plus Limited for their own personal use.
REQUIRED
Outline the ethical issues and your decision using the American Accounting Association
(AAA) decision making model. When identifying the major principles, rules and values
students are to reference the applicable section of the Code of Ethics for Professional
Accountants.
Maximum word limit = 800 words.
Answered Same Day Dec 07, 2020 3102AFE Griffith University

Solution

Akansha answered on Dec 08 2020
153 Votes
Running head: AUDITING
AUDITING
4
American Accounting Association Decision-Making Process (AAA)
    AAA Model
    1. Determine the Facts
    The facts are that Janice has discovered one payee of the cheque requisition is unknown in spite of the presence of supporting documents. The Chief Financial Officer (CFO) assured her to look into the matter but did not do anything about this. When she asked about it, then she was threatened not to discuss the issue further or lose her job. Later, Janice’s secretary told her she thinks that both the CFO and General Manager of the company are stealing money from the company (Crane and Matten 2016).
    2. Who are the stakeholders?
    The involved stakeholders in a given situation are Janice, the CFO, the General Manager, Janice’s assistant Audrey Miller and the company, Pet Plus Pty Limited (Bourne 2016).
    2. Define the ethical issues
    Two ethical issue identified in the given situation.
· The first ethical issue is the involvement of both the CFO and General Manager of the company in the process to steal money that is highly unethical from the perspective of business (Weiss 2014).
· The next ethical issue is whether Janice should take the matter of stealing money by the CFO and General Manager to the higher authority or not. As she was threatened regarding her job (Weiss 2014).
    3. Identify major principles, rules, values applicable to the case
    The relevant fundamental principles of APES 110 are as below:
The first principle is integrity that states that the accountants are needed to be straightforward and honest in professional relationships (apesb.org.au 2018).
The second principle is Professional Competence and Due Care that states that the professionals are needed to maintain their skills and professional...
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