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What are the ethical issues involved with this case

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Reference no: EM132602636

Question - Michael Bunnell is an accountant for a large restaurant chain with sales of over $15 million. Michael is pressured to produce financial statements for a 1 p.m. board of directors meeting, but the trial balance is not balancing. When he adds the debit column and credit column up, there is a $5,000 difference. Running out of time, he changes the amount of the "Building" account to be increased by $5,000; now the debits and credits equal. He does not believe that this small change will affect any business decisions at the meeting, and he can find the mistake at a later time.

Respond to the following questions and, if appropriate, include personal experience as part of your answers.

What are the ethical issues involved with this case?

Who will be effected by this change?

Do you believe Michael did the right thing?

If not, what else could he have done differently?

Reference no: EM132602636

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