Ethical Decision Making in Accounting Firm

CASE 4

Contents
Introduction......................................................................................................................................2
ACS Code of Ethics.........................................................................................................................2
Australian Legislation Applicable...................................................................................................3
McDonald’s framework for ethical decision...................................................................................3
Conclusion.......................................................................................................................................4
References........................................................................................................................................5

Introduction
The case highlights about Brenda who has been observing about the problems in the data entry
by her junior management staff. The errors are causing a major issue to the accounting firm,
thereby, leading to the loss of profit. The company policies dictates that the salaries of the
worker will be docked for the clear mistakes which is leading to the major loss in the profit of
the company. The report will highlight on the ACS Code of Professional Conduct that will
highlight about the different factors that Brenda should follow in order to protect the company
from the loss.
ACS Code of Ethics
There are three codes of Ethics which are applicable to the given scenario
a: Competency: It is important for Brenda to deliver the best services to the company. Along
with it is her responsibility to guide her employees to work in a proper manner so that they can
work depending upon the requirements of the company.
b: Professional Development: The employees need to be informed about the errors that they are
doing while inputting the financial information of the company and then encourage the staff to
keep the knowledge up to date (Burmeister, 2017).
c: Professionalism: The ICT industry has been set by ACS to ensure that there is a need to
improve the public confidence with maintaining the professional standards. The professionalism
at work is important for keeping them engaged and work in a correct manner.