JUMALON, REICCI LISETTE B.
ACC 213(2903)
WEEK 2
In a Nutshell
Activity 1. CASE ANALYSIS
Using the code of ethics for management accountants, evaluate the changes that
Amoranto’s management is considering, and discuss the specific steps that
Pederico Casanova should take to resolve the situation. (CMA adapted).
A business that practices professional ethics will help them maintain their
reputation and avoid financial and legal issues. It means the management applied
the principles of honesty and fairness to relationships with coworkers and
customers. However, the management of Amoranto violated this principle to
prevent the takeover of the other company or make the company less attractive,
the management was not honest with the major corporation which is violating one
of the standard i.e. integrity and it is also against the GAAP and also the top
executive management did not intend to disclose any of this information to
outsiders and which are not against confidentiality. As for Pederico Casanova, this
problem was within the management and an order was given to him as an
employee in the company which does not violate his ethics meaning he didn’t
encounter any ethical dilemma and was partly doing his duties as an employee,
he could report it to the top management to resolve the conflict even though this
conduct could harm his contract to the company.
