Reference no: EM13882980
Answer the following questions using the Coca-Cola PDF SEC,(attached)
1. Frame the ethical issue. What is the primary ethical issue in this case? For example, in the uncollectibles situation discussed in Chapter 1, the ethical issue was whether the junior auditor should compromise his values and give in to the pressure of the audit manager not to report the estimated uncollectibles of $1 million that is currently unrecorded. (One Summarized paragraph)
2. Gather all the facts.Specify the relevant facts, including disagreements and other conflict situations. Make a conscious effort to understand the situation and distinguish facts from mere opinion. An ethical judgment made after gathering the relevant facts is a more reasonable ethical judgment than one made without regard for the facts.( One Summarized Paragraph)
3. Identify the relevant accounting ethics standards involved in the situation.Identify the most important ethical values of the accounting profession that should be considered in evaluating the facts and alternative courses of action. Emphasis must be placed on the profession's ethical standards (i.e., AICPA Principles and IMA Ethics Standards) because they provide the context within which ethical decision making takes place.(Research the issue on the FASB/AICPA/PCAOB Web page. In the case of a FASB issue, you should use their Standards Codification Web page. In your analysis of the issue, you should cite directly one of the above mentioned primary sources.)https://asc.fasb.org/viewpage
Please use FASB/AICPA/PCAOB references citation for the following question. Research the issue on the FASB/AICPA/PCAOB Web page. In the case of a FASB issue, you should use their Standards Codification Web page. In your analysis of the issue, you should cite directly one of the above mentioned primary sources.https://asc.fasb.org/viewpage
4. Compare and weigh the alternatives.
• Is it legal; i.e., in conformity with SEC laws and Public Company Accounting Oversight Board (PCAOB) rules?
• Is it consistent with professional standards (AICPA Principles, IMA Ethics Standards and IFAC standards; GAAP and GAAS)?
• Is it consistent with in-house rules (firm policies and its own code of ethics)?
• Is it right?
• What are the potential harms and benefits to the stakeholders?
• Is it fair to the stakeholders?
• Is it consistent with virtue considerations? This is where the decision maker should form a professional judgment after evaluating her moral intention and willingness to act in a principled manner, including having the courage to stand by what she knows is the right thing to do.
See Attached Use the following sections to answer 1, 2, 3 and 4.
A. Analysis demonstrates mastery of the ethics philosophies, theories and concepts
Kohlberg's Stages of Moral Development
The Six Pillars of Character
Aristotle's Virtues
Modern Moral Philosophies
Kohlberg and the Cognitive Development Approach
Rest's Four-Component Model of Ethical Decision Making
Rest's Model and Organizational Behavior
Thorne's Integrated Model of Ethical Decision Making
Starbucks Mission Statement and Guiding Principles
The IIA Code of Ethics
The Fraud Triangle.
Attachment:- Coca-Cola.pdf
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