This 10 page paper explores a case study submitted by a student. Ethics as it pertains to management and accountancy are explored. The difference in responsibility of accountants and management is discussed in this case that involves the intentional misrepresentation of figures. Bibliography lists 5 sources.
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not black and white, it is also the case that ethics are to some extent uniform. That is, it is not right to lie or cheat or doctor figures to
make a firm look good. One can see that fraud is punishable and everyone has been a bit on edge since Enron. The cover ups and schemes that have
invaded the business world has made everyone frightened that perhaps their own company is not above board. Some people are actually knowledgeable about a fraud but do not want to
report it. They do not meant to lose their jobs and even accounting firms have been implicated in large scale cover ups. In part, people are afraid of the ramifications
of telling the truth when they have information about a scandal. They are not only afraid of losing their current jobs, but also fear the probability that they will not
be able to obtain employment in that industry again. Whistle blowers are applauded by the general public but firms do not like people who do not show loyalty. Loyalty is
seen almost as important as honesty, but sometimes loyalty can be misplaced. In evaluating businesses ethics, a case study will be used. II. Case Study In a
case study submitted by a student, Quasar Stellar Company is a subsidiary of Nucleonics Company. Quasar Stellar submitted two falsified reports but the company did not know this. In other
words, while Quasar erroneously reported true figures, the parent company was unaware and so reported on their progress based on the falsified reports. Yet, after an investigation, it was discovered
that the fraud was at the highest levels of the company. Quasars president and comptroller who is also vice president, directed the reporting. Why did the company do it?