3102AFE: Auditing Assignment

Running head: AUDITING
Auditing
Name of the Student
Name of the University
Author’s Note

1AUDITING
Table of Contents
American Accounting Association Decision-Making Process (AAA)...........................................2
Facts of the Case..........................................................................................................................2
Stakeholders who are Involved in the Provided Situation...........................................................2
Major Ethical Issues involves in the Case...................................................................................2
Major Principles, Rules, Values Relevant to the Case................................................................2
Specification or Comparison of the Available Alternatives........................................................3
Assessment of the Consequences of Each Alternative Decision Option.....................................3
The Ethical Decision and Reason................................................................................................4
References........................................................................................................................................5

2AUDITING
American Accounting Association Decision-Making Process (AAA)
Facts of the Case
The facts are that Janice has discovered one payee of the cheque requisition is unknown in spite
of the presence of supporting documents. The Chief Financial Officer (CFO) assured her to look
into the matter but did not do anything about this. Then, Janice came to know that both the CFO
and General Manager of the company are stealing money from the company by working together
(Crane and Matten 2016).
Stakeholders who are Involved in the Provided Situation
The involved stakeholders in this situation are Janice, the CFO, the General Manager,
Janice’s assistant Audrey Miller and the company, Pet Plus Pty Limited (Bourne 2016).
Major Ethical Issues involves in the Case
The presence of two ethical issue can be seen in the provide situation. The first ethical
issue is that both the CFO and General Manager of the company is involves in the process to
steal money that is highly unethical from the perspective of business (Weiss 2014).
The next ethical issue is whether Janice should confront the matter of stealing money by
the CFO and General Manager to the higher authority or not as her job is involved in the whole
process (Weiss 2014).
Major Principles, Rules, Values Relevant to the Case
The relevant fundamental principles of APES 110 are as below:
The first principle is integrity that states that the accountants are needed to be straightforward
and honest in professional relationships (apesb.org.au 2018).