Business Ethics

Topics: Mutual fund, Investment, Hedge fund Pages: 2 (415 words) Published: October 29, 2012
Doyle Williams10/23/2012
Business EthicsChapter 7

Ethical Business Challenges

1. Identify the ethical and legal issues of which Gerard needs to be aware. Ethical Issues-Gerard need to be aware of the issues he’s wife meaning that she pregnake, There only one income coming in the house hold. Plus, It seem like Gerard have a lot thing to going. Plus on his job it seems like that an issues dealing. For instance, Gerard’s department didn’t like the policy, Meaning he was also heated discussion with he’s co-worker. Legal Issues- Gerard wife Vicky is pregnancy and she only allow getting three month for pregnancy leave. But the down fault from that is that she does not received medical funds 2. Discuss the advantages and the disadvantages of each decision Gerard has made and could make. Advantages- Well, if Gerard can try to fix the policy to everyone benefits so they can understand or help them to understand the issues that is at hand or to their benefit the c Disadvantages- The disadvantages is that he didn’t talk or come to some kind of agreement with his co-worker and not to think about his boss. Wow it’s a good chance that he going to mess up long-term nature of these relatship, aswell so of the honesty that CPAs must bring home to their job. 3. Discuss the issues of accounting firms going into the financial services market. I don't know that much about accounting or financial investing, but it doesn't sound like a good idea to me to combine these two companies together under one roof. I am not saying that one person can't own both of these companies at the same time, but they should be kept separate as two different entities. When in the accounting business, you have to remain faith to your clients, because they might happen to be in the business of mutual funds, which is an investment company. If you gave your client advice where they could get a better investment return by going to a different mutual fund investment...
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