Am I Ethical, business and finance assignment help

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Review the “Am I Ethical” section in Chapter 9. 

Formulate your response to the question. 

Review the author’s solution to the question on page 192. 

Write a 525- to 700-word paper between that accomplishes the following:

  • Explain
    the answer to the question of whether or not you should call the
    hotline to report your concerns and the reason supporting your decision,
    identifying any professional guidance that is relevant.
  • Discusses any differences between your response and the author’s answer or reasons.
  • Identifies what the confidential information in the scenario is.
  • Analyzes
    why the client would want the information to remain undisclosed and
    what the potential issues could be if the information was disclosed.

Cite your research from the text and any additional professional or regulatory guidance and format your response consistent with APA guidelines.

Here is he “Am I Ethical” Question

Your client is an advertising agency that pays inexperienced
new models $20 per hour during a photo shoot, but does not compensate them for
preparation time spent in wardrobe fittings, hair styling, or applying makeup.
Thus, after counting all hours worked, you are concerned that these models are
being paid less than the minimum wage.

The Wage and Labor Protection Board in your state maintains
a hotline for anonymous callers to report labor law violations. Informants
receive a reward equal to 20% of the penalties collected from violators. If
granted such a reward, you will donate it to charity.

Should you contact this hotline to report your concerns?

a. 
Yes, if you informed your client about this
issue and it has refused to take corrective actions

b. 
Yes, as long as the reward, if granted, is paid
directly to a charitable organization

c. 
No, because you learned of these violations
during the course of rendering professional services

d. 
No, because you lack the professional training
and expertise to know whether your client’s suspected misconduct is an actual
labor law violation

SOLUTION TO “AM I ETHICAL?”

A
CPA may never disclose confidential client information without first
obtaining the client’s specific consent. Information concerning the
client’s possible violation of minimum wage laws was nonpublic, and its
disclosure could cause substantial harm to the client. As a result, the
client had a reasonable expectation that this confidential information
would remain undisclosed. The accountant’s potential receipt of a reward
is irrelevant.

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