Problem:
Business people facing ethical dilemmas are not uncommon; however, how one chooses to resolve the situation is critical. At ABC Corp, a six-step approach has been used very successfully. They are these:
1. Obtain the relevant facts.
2. Identify the ethical issues form the facts.
3. Determine who is affected by the outcome of the dilemma and how each person or group is affected.
4. Identify the alternatives available to the person who must resolve the dilemma.
5. Identify the likely consequence of each alternative.
6. Decide the appropriate action.
Using this six-step approach, list three ethical dilemmas a CPA at ABC Corp might face, resolve the dilemmas, and decide the appropriate action.