An Employee at an Information Systems Consulting Firm Recently Asked

question 25

Multiple Choice

An employee at an information systems consulting firm recently asked a partner at the firm for a 20% pay raise.The partner said that this request was excessive.To resolve this issue amicably,the employee and the partner agreed that the firm's managing partner,who is well-respected,would mediate this issue and determine the fair amount of the pay raise.All parties agreed to this arrangement.The managing partner who is deciding this issue is a CPA.She:

• A) Does not have to disclose her conflict of interest to this employee because she is not a practicing CPA
• B) Does not have to make any disclosures because none are needed
• C) Does have to disclose her conflict of interest, but she does not need to get the employee's consent
• D) Does have to disclose her conflict of interest and does need to get the employee's explicit consent

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Definitions:

Place Blame

The act of attributing fault or responsibility for a mistake or wrongdoing to someone.

Denying A Claim

Denying a claim involves rejecting an insurance or financial request for payment due to reasons such as lack of coverage or failure to meet policy conditions.

Company Liability

The legal and financial responsibilities or obligations that a corporation may have due to its actions or policies.

Workplace Morale

The general condition of the psychological well-being, attitudes, satisfaction, and overall outlook of employees within a work environment.