Atlas Cold Storage Brian Enns .docx - ATLAS COLD STORAGE Atlas Cold Storage Brian Enns Accounting Ethics Ana Machuca ATLAS COLD STORAGE 1 Atlas Cold

Atlas Cold Storage Brian Enns .docx - ATLAS COLD STORAGE...

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ATLAS COLD STORAGEAtlas Cold StorageBrian EnnsAccounting EthicsAna Machuca1-6-2019
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ATLAS COLD STORAGE1Atlas Cold StorageWith Ernst & Young LLP's ("E&Y"), what might have been the ethical decision that they faced with the client?“Ernst & Young provides audit, tax, business risk, technology and security risk services, and human capital services worldwide. The company, one of the Big Four accounting firms, dates back to the early twentieth century” (Ernst & Young on the Forbes America's Largest Private Companies List.) Since they are apart of “The Big Four” accounting firms that have a reputation to uphold and if the have to issue restated financial statements their reputation would be tarnished. This would be similar to a Police officer planting evidence to convict a criminal, once this is found out and proven then all of the cases that the Police officer has worked on comeinto question. Ernst & Young would have the same problem any company that this group of employees had worked on would be now under question because they would not know if they made the same mistake and could cost them not only the business that is affected but also other business that might have to have additional scruitany on their financial statements because of thisinstance. The employees that worked on the financial statements might have had additional pressure to make the statements “look better” or try to cheat the system, so that the client would be happier and continue to use them.This would also helpthe employees of the company because thefinancial statements are key to the public Figure 1
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ATLAS COLD STORAGE2assessing how well a company is doing. If a company is doing well it is more likely that the
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