A Member of a Corporation's Accounting Staff Has Determined That

question 32

Essay

A member of a corporation's accounting staff has determined that the CEO intentionally has recognized company revenues on certain sales contracts during the current year,even though these sales contracts do not involve the delivery of goods or services until next year.This accounting staff member is considering becoming a whistleblower.
a. From the standpoint of deontology, what factors should this accountant consider?
b. From the standpoint of consequentialism, what factors should this accountant consider?

---

Definitions:

Federal Reserve

The central banking system of the United States, responsible for regulating the nation's financial institutions and managing its monetary policy.

Unemployment

The situation in which individuals who are willing and able to work cannot find employment.

Inflation

The quickness in the rise of aggregate prices for goods and services, impacting negatively on how much can be bought.

Minimum Wage

The lowest legally permissible wage that employers can pay to workers, set by governmental laws or regulations.