Ethical Decision Making
Suppose you work for the Lee K. Fawcett Plumbing Company as Mr. Fawcett’s administrative assistant. Recently Mr. Fawcett asked you to type some financial statements from his hand-written notes so that he can take them to the bank as part of a loan application.
This exercise seems odd to you because the company’s CPA recently delivered the monthly financial statements that she prepares. While typing the financial statements you notice that the building the company rents is listed as an asset. Also, you write checks each month for the monthly payments on two car loans, and these are not listed as liabilities.
Do you have an ethical dilemma? Discuss your approach to handling this situation.
