P1-6 Solution

P1-6 Solution - Problem 16(30 minutes 1 Adam Williams has...

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Problem 1-6  (30 minutes) 1. Adam Williams has an ethical responsibility to take some action in  the matter of GroChem Inc. and the dumping of toxic wastes. The  specific code of ethics   that apply are as follows: Competence.  Management accountants have a responsibility  to perform their professional duties in accordance with relevant  laws, regulations, and technical standards. Objectivity.  Management accountants must disclose all  relevant information that could reasonably be expected to  influence an intended user’s understanding of the reports,  comments, and recommendations. Given that the dumping of toxic wastes in a residential landfill is  illegal, there is a clear responsibility to bring this issue to the  attention of management. 2. The first alternative being considered by Adam Williams, seeking  the advice of his boss, is appropriate. To resolve an ethical 
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This note was uploaded on 06/24/2011 for the course FMGT 2294 taught by Professor Jeyakumar during the Spring '10 term at Langara.

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