These errors are causing the accountancy firm to lose


Summary of case:

You have been asked to observe how junior management use new accounting software at a leading city accounting firm. As part of informed consent, staff are informed that they will remain anonymous. As part of your observations, you notice that many of the junior management staff are making a particular data entry error when using this software. These errors are causing the accountancy firm to lose profit. Company policy dictates clearly that workers' salaries will be docked for clear mistakes leading to loss of company profit. Do you take the edge off the results to protect the people who helped you in the study?

1.2.1 Public Interest

a) identify those potentially impacted by your work and explicitly consider their interests;

c) advise your stakeholders as soon as possible of any conflicts of interest or conscientious objections that you have;

g) endeavour to preserve the confidentiality and privacy of the information of others.

1.2.2 Quality of Life

c) understand, and give due regard to, the perceptions of those affected by your work;

1.2.3 Honesty

b) not knowingly mislead a client or potential client as to the suitability of a product or service;

1.2.4 Competence

a) endeavour to provide products and services which match the operational and financial needs of your stakeholders;

1.2.6 Professionalism

f) refrain from any conduct or action in your professional role which may tarnish the image of the profession or detract from the good name of the ACS;

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Business Law and Ethics: These errors are causing the accountancy firm to lose
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