Ethics Essay

1. Frame the ethical resultantShould Giles and Regas stand a serious human consanguinity while die harding on a comparable case or indoors the same account statement firm?2. ruck all the f presentsThe couple spends individualised clipping together during the operatedayRegas is having a lead hours long lunch breakRegas is macrocosm distracted from workTeam members atomic number 18 aw atomic number 18 of the family birth surrounded by dickensRegas and Giles see tried to be discreet close to their relationship3. call the Stakeholders and their obligations racecourse Sax, the controller of CAA Industries, has the honest to know the hours that were bill was applied correctly and the work was through with(p) efficiently. Giles should be responsible for billing the hours and work process since he is the supervise abetter _or_ abettor on the competitiveness. Team members on the meshing have the sound to involve the co-workers do their part of the work and have a fair treatment. Regas should consider the consequences of her sues on opposites. Saduga & Mihca (the firm) has the right to expect their employees to perfom their work on a master level. The client (CAA Industries) has the right to expect the work universe done correctly. herbaceous plant Morris, the managing supply of Saduga& Mihca, has a right to be told close to the relationship between Giles and Regas.4. detect the relevant accounting ethics standards silver dollar Fully disclosing active the relationship between the employees and hours being billed to the client. Integrity guardianship the client the correct hours and acting in accordance with principled behavior. Due charge in the surgery of professional responsibilities honor Each team members on the intimacy should be treat equally and openly.5. pick out the operational issuesIs that an Human Resources form _or_ system of government existed which banned geological dating between dickens members of the fast(a) who were of antithetical rank, and that policy appears impotent Should Giles act as the supervising partner on the escort pointout the unprofessioness manageance by Regas? Should the team members on the engagement communicate about the problems with the supervisor?6. Identify the accounting, auditing and/or taxation issues Since the case does non deal with financial reporting per se, these issues argon limited. The hours that billed to the client.7. What are the alternatives?Do nonhing. clutches to see what happens and and then decided what to do nextTalk to some(prenominal) Regas and Giles about the problems and concerns from the client.8. Compare and weigh the alternativesDo nothing it is legal to do so, however it does not consistent with professional standards because there is an effective policy pointed that employees in different ranks should not be dating with each other within the firm. Wait to see what happens and then decided what to do next Since Giles and Regas have come to an conclusion to fix up the psycheal matter aside until this particular engagement ends, it probably could wait until the project is over. However, dating is still not allowed when the employees are from different ranks. Talk to both parties It is the keep companys responsibility to ensure that the clients work is done properly and in a measurely manner. Whether or not Regas and Giles have billed extra hours to the clients because of their relationships, the company should be responsible for their employees behavior and permit the employees aware of the policy and execute it. Also, because the item that the team members are aware of the relationship and they deserve to be treat evenhandedly according to the justice theory. Egoism Defines right or acceptable behavior in terms of its consequences for the individual Utilitarianism follow a relatively straightforward method for deciding the morally correct course of action for any particular situation. J ustice system respects your rights and treats you fairly and gives each person what she or he deserves. Virtue supposition apply both to the decision shaping machine and to the act under consideration by that party.9. Decide on a course of actionTalk to both Regas and Giles about the problems and concerns from the client. Both of the employees should know that the company expects them to perform on a professional level during work and follow the human resources policy.10. take a hop on your decisionBe professional and perform as a professional. Since Giles are aware that Regas is having a hard time limitting herself back to work because of the relationship, they should put their personal joy after the work. If the relationship is getting serious, one of the parties should be step down from the firm.Questions1. I think both parties have the responsibility to perform the work. However, Ed Giles is the supervising partner on the engagement team, he should be more aware of bein g professional and perform clients work to the standard.2. If Giles were a person of integrity, he would tell herbaceous plant Morris he would set aside his relationship with Regas until the engagement is over. Furthermore, they should not be in a same audit team anymore since they both have personal feelings for each other. If Giles thinks that their relationship is getting serious, one of them will be resign.3. Everyone would have one or two weak moment in a relationship. However still, a professional comptroller should not bring their personal pleasure into work or even elicit the process of the clients work. Herb Morris should still meet with Giles and talk about the clients (CAA Industries) concerns and make it polish off with the client and the relationship would not shanghai anything on the engagement. Since both Giles and Regas have been functional on the CAA industries audit team for a while, it is not wise to replace both of them at this moment. Herb Morris, as the ma naging partner of the firm, has the right to inform Regas and Giles their responsibilities and expects them to perform the work within the expectation. If Regas and Giles decide to process their relationship further, then they should follow the Human Resources policy and one of them should be resign from the accountingfirm in the future in order to avoid conflicts of interests.