Ethical case study Essay Example | Topics and Well Written Essays - 1000 words

Ethical case study - Essay Example She took the initiative to consult Jeffrey Anderson and was well prepared with the accounting manual of the parent company and the plan for valuation of the assets that belong to the company. Since, Jeffrey Anderson was a respected individual in the company, having served for more than a decade Lisa expected that he would have advised her on the way to approach the issue professionally to find a solution and to maintain confidentiality and integrity. The acquired company and the parent company are the main stakeholders in the issue that Lisa is trying to get solutions for. Lisa finds herself unprepared for the cultures within the corporate, and she did not believe that the acquired firm had used the appropriate financial rules and regulations. She was tasked to make sure that the assets of the corporate she was working for were secure. Lisa noted that the employees were more concerned in securing their jobs. Workplace ethics are some causes that make employees sacked especially during such strategic transitions that Lisa is encountering (Lawrence & Weber, 2013). According to the IMA guidelines that are used for ethical conflict resolution, Lisa is supposed to maintain confidentiality and ensure that she discusses it in details with the Controller. The reason why ethical standards should be maintained in businesses is to ensure that there is smooth flow and function of the advanced market economy. In addition, if there were no ethical standards in business, so many aspects would suffer particularly the economy and the people who depend on it for goods, services and jobs (Lawrence & Weber, 2013). Lisa provides clear, accurate and concise evidence to support her discoveries regardless of being turned down three times by Mr. Anderson. Lisa is keen not to abandon the ethical standards in the company as the finance manager. In her line of work, Lisa focused on the acquired assets and noted