This report provides an executive summary analyzing the ethical conduct of professionals within the "From bad to worse" case study. It examines the role of ethics and governance in the professional field, focusing on ethical theories like Egoism, Utilitarianism, and Deontology to assess the behavior of involved parties. The American Accounting Association (AAA) decision-making model is used to evaluate the facts and determine the best ethical outcome. The report also applies the APES 110 Code of Ethics, identifying key principles, potential threats, and available safeguards within the scenario. The report concludes by providing a comprehensive analysis of the ethical dilemmas presented in the case and offers insights into promoting ethical behavior in the professional context.