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Albert Gable is a partner in a CPA firm located in a




Albert Gable is a partner in a CPA firm located in a;small midwestern city which has a population of;approximately 65,000. Mr. Gable?s practice is primarily;in the area of personal financial planning, however;he also performs an annual audit on the city?s;largest bank.;Recently, Mr. Gable was engaged by Larry and;Susan Wilson to prepare a comprehensive personal;financial plan. While preparing the plan, Mr. Gable;became personal friends of the Wilsons. They confided;to him that they have had a somewhat rocky;marriage and, on several occasions, seriously discussed;divorce. Preparation of the comprehensive;personal financial plan, which is nearing completion;has taken six months. During this period, Mr. Gable;also performed the annual audit for the bank.;The audit test sample selected at random from the;bank?s loan file included the personal loan files of Larry;and Susan Wilson. Because certain information in the;loan files did not agree with facts personally known to;Mr. Gable, he became somewhat concerned. Although;he did not disclose his client relationship with the;Wilsons, he did discuss their loan in detail with a loan;officer. The loan officer is very familiar with the situation;because he and Larry Wilson were college classmates;and now they play golf together weekly.;The loan officer mentioned to Mr. Gable that he;believed Larry Wilson was ?setting his wife up for a;divorce.? In other words, he was arranging his business;affairs over a period of time so that he would be;able to ?leave his wife penniless.? The loan officer;indicated that this was just ?locker room talk? and;that Mr. Gable should keep it confidential.;Mr. Gable?s compensation from his firm is based;upon annual billings for services. If Mr. Gable;resigns as CPA for the Wilsons, it would result in his;losing a bonus constituting a substantial amount in;annual personal compensation. Mr. Gable is counting;on the bonus to contribute to support tuition and;expenses for his youngest daughter, who will be;starting as a freshman in college next fall.;Questions;1. What are the ethical issues?;2. What should Albert Gable do?;? Read the Locker Room Talk Ethics Case on p. 284 (Ch. 4) of the text.;? Analyze the case using stakeholder impact analysis and the philosophical approaches to ethical decision making.;? Explain what you think Albert should do in a 700- to 1,050-word paper.;? Organize your paper using the following section outlines. Review the questions for each section to help you analyze the case and frame your paper.;o Introduction;? What is the ethical dilemma in the case?;? What events led to the dilemma?;? When describing the dilemma, did you mistakenly propose a solution?;o Stakeholders Involved;? Have you identified stakeholders?;? What is their stake in the case?;? Have you described every stakeholder in an objective, unbiased way?;o Course of Action;? Have you clearly stated the course of action Albert should take?;? What reasons support your decision?;? What philosophical approach did you use to reach your decision?;? What are the weaknesses of your argument? Have you addressed counterarguments?;o Stakeholder Impact;? How do you think each stakeholder will be impacted by your decision?;? Are there potential impacts on stakeholders that are difficult to anticipate? Have you identified them?;o Conclusion;? Do you present new evidence or analysis in the conclusion? Would it be more appropriate in another section of the paper?;? Have you summarized the dilemma, your decision, and the potential effect on stakeholders?;? Format your paper according to APA standards, including any references to the textbook or other sources.;?;? Note: An important part of your grade on this assignment is demonstrating your ability to think critically: to suspend judgment while gathering evidence and consulting the various stakeholders? positions, to analyze each position, to consider the effects of different courses of action, and then to make a decision and support it with evidence and logic.


Paper#26801 | Written in 18-Jul-2015

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