Ethics: the Work and Team Members
1. Frame the ethical issue
Should Giles and Regas have a serious relationship while working on a same case or within the same accounting firm?
2. Gather all the facts:
The couple spends personal time together during the workday
Regas is having a three hours long lunch break
Regas is being distracted from work
Team members are aware of the relationship between two
Regas and Giles have tried to be discreet about their relationship
3. Identify the Stakeholders and their obligations
Mark Sax, the controller of CAA Industries, has the right to know the hours that were billed was applied correctly and the work was done efficiently.
Giles should be responsible for billing the hours and work process since he is the supervising partner on the engagement.
Team members on the engagement have the right to expect the co-workers do their part of the work and have a fair treatment.
Regas should consider the consequences of her actions on others.
Saduga & Mihca (the firm) has the right to expect their employees to perfom their work on a professional level.
The client (CAA Industries) has the right to expect the work being done correctly.
Herb Morris, the managing partner of Saduga& Mihca, has a right to be told about the relationship between Giles and Regas.
4. Identify the relevant accounting ethics standards
Honesty – Fully disclosing about the relationship between the employees and hours being billed to the client.
Integrity – Billing the client the correct hours and acting in accordance with principled behavior.
Due care in the performance of professional responsibilities
Fairness – Each team members on the engagement should be treat equally and openly.
5. Identify the operational issues
Is that an Human Resources policy existed which prohibited dating between two members of the Firm who were of different rank, and that policy appears impotent
Should Giles act as the supervising partner on the engagement point out the unprofessioness
Should Giles and Regas have a serious relationship while working on a same case or within the same accounting firm?
2. Gather all the facts:
The couple spends personal time together during the workday
Regas is having a three hours long lunch break
Regas is being distracted from work
Team members are aware of the relationship between two
Regas and Giles have tried to be discreet about their relationship
3. Identify the Stakeholders and their obligations
Mark Sax, the controller of CAA Industries, has the right to know the hours that were billed was applied correctly and the work was done efficiently.
Giles should be responsible for billing the hours and work process since he is the supervising partner on the engagement.
Team members on the engagement have the right to expect the co-workers do their part of the work and have a fair treatment.
Regas should consider the consequences of her actions on others.
Saduga & Mihca (the firm) has the right to expect their employees to perfom their work on a professional level.
The client (CAA Industries) has the right to expect the work being done correctly.
Herb Morris, the managing partner of Saduga& Mihca, has a right to be told about the relationship between Giles and Regas.
4. Identify the relevant accounting ethics standards
Honesty – Fully disclosing about the relationship between the employees and hours being billed to the client.
Integrity – Billing the client the correct hours and acting in accordance with principled behavior.
Due care in the performance of professional responsibilities
Fairness – Each team members on the engagement should be treat equally and openly.
5. Identify the operational issues
Is that an Human Resources policy existed which prohibited dating between two members of the Firm who were of different rank, and that policy appears impotent
Should Giles act as the supervising partner on the engagement point out the unprofessioness