Decisions Promises Organizations and Society

Question: Discuss about the Decisions Promises Organizations and Society. Answer: Introduction: The current report aims to evaluate the instincts of Matt regarding the reservations about evaluating the bid of Stephanie. The second segment concentrates on evaluating the ethical integrity of Matt regarding the offer of Stephanie. In addition, the valuation of the fundamental principles on the part of Matt in relation to APES 110 Revised Code of Ethics for Professional Accountants has been demonstrated critically. Finally, the report sheds light on advising Matt about the steps to be taken regarding the proposal of Stephanie. Accuracy of Matts instincts: According to the case study, it has been found that Matt has faced a dilemma regarding the approach of Stephanie Birchgrove. This is because the latter has approached the former for a favour. This approach is violating the work ethics of Matt, as per his thought. However, the person does not want to hamper the friendly relationship with Stephanie. This is because Stephanie has promised Matt to overcome his situation of financial crisis. There are certainly some reservations about the situation, since Matt has been working for a rival firm. Hence, lending help to Stephanie would increase risk for the company. As a result, the company might incur monetary losses (Kaplan and Atkinson 2015). In addition, Matt might face legal charges. As a result, it could negatively affect his goodwill. Ethical integrity of Stephanies bid: It is advised to Matt to avoid evaluating the bid of Stephanie. Since this is a criminal offence. Therefore, strict actions might be taken against Matt. In addition, even if Matt adopts utter carefulness while evaluating the bid and switches over to another company, in case, Stephanie wins the bid, it might raise doubts. Theerefore, Matt might lose CPA verification, if found guilty. As a result, it would further aggravate his financial crisis. Violation of the fundamental principles on the part of Matt: As per APES 110 Revised Code of Ethics for Professional Accountants, the integrity principle imposes a compulsion on all the members to maintain the honesty in business and professional relationships. In this context, Mouritsen and Kreiner (2016) stated that adopting dishonesty through conduction of unethical practices might hamper the professional relationships on the part of Matt. Therefore, if Matt agrees to scrutinise the bid of Stephanie, the person would violate the above-stated law. This is because such evaluation would be unethical. Since Matt would be providing out the confidential information of the firm to Stephanie. Conclusion: Based on the above discussion, it could be inferred that Matt would violate the law and break the rules of the organisation, if he evaluates the bid of Stephanie. It might also lead to job loss of Matt. Therefore, it is recommended to Matt to explain Stephanie about his helpless situation. As per the financial situation of Matt, it is suggested to find other ways to deal with the situation by avoiding illegal steps. In order to deal with the financial shortcomings, Matt might apply for a loan from his current organisation to repay the personal loan of $100,000. These above-mentioned steps are recommended to Matt to maintain the ethical integrity and overcome financial crisis. References: Kaplan, R.S. and Atkinson, A.A., 2015.Advanced management accounting. PHI Learning. Mouritsen, J. and Kreiner, K., 2016. Accounting, decisions and promises.Accounting, Organizations and Society,49(C), pp.21-31