Accounting & Business Ethics

Accounting and Business Ethics

Accounting and Business Ethics

Introduction

Business ethics can often be confusing as there is the effort to determine whether doing right by the company or doing right by one 's own morals is the appropriate position to take . In this case study , the decision to be made is whether or not to reveal the truth to a client essentially doing away with a deal that the boss told him to seal Because of the economy his job as well as others are in jeopardy and this decision

could decide whether or not he keeps his job

The Debate

There are a couple of issues to be decided here . One of those is the definition of implied falsity in the business world . This means that a message has been given that has the intent to mislead , confuse or deceive and is not necessarily a true false statement . In this case the companies representative could say that there was indeed the possibility that if that is the highest bid in this climate that was probably what the business was worth . This would be fraud however , when it is known by you that the answer is different

There are a couple of theories that might be considered in a effort to decide what to do here . One is the Deontological theory in which there is a right or wrong answer and you should choose the right one and the other is the Teleological theory which says yes , there is...