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.