Fully Applying a Decision-Making Framework
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- Date Submitted: 07/18/2012 03:40 PM
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The main ethical dilemma for Albert Gable, partner in a CPA firm is whether he should continue as financial advisor for Larry and Susan Wilson. This dilemma steamed with Albert Gable constructing a comprehensive personal financial plan for Larry and Susan Wilson, which rendered him knowledgeable of their marriage difficulties (University of Phoenix, 2007, p. 284). While Albert Gable was working on Larry and Susan Wilson’s financial plan he also performed an annual audit on the city’s largest bank, whom he has a long standing relationship with the loan officer. While performing the audit one of the selected test pulled files was that of Larry and Susan Wilson’s. Having prior knowledge of the married couple’s trouble, Albert discovered that the information supplied did not match to his understanding. After speaking with the loan officer, he found that Larry Wilson was setting up his wife for divorce and to leave her penniless. The loan officer requested that Albert leave the conversation as “locker room talk” (University of Phoenix, 2007, p. 284).
There are several stakeholders involved in this situation that has been created by Albert Wilson acting as financial advisor, and auditor with two different clients. The stake holders involved include Larry Wilson, Susan Wilson, loan officer, bank, Albert, and Albert’s daughter. The interest of each stake holder varies, however each is just as important. Larry Wilson wants to see his wife penniless after the divorce, thus setting us accounts to ensure his desire. Susan Wilson stands to become penniless after the divorce because of her husbands’ actions. The loan officer for he provided personal knowledge of the Wilson’s without their consent or knowledge. The bank as they have a reputation, and it can be hindered by the loan officer’s actions. Albert is relying on the bonus from the billing. Albert’s daughter as the bonus from Albert’s billing is to be used for her tuition and expenses when starting college...
There are several stakeholders involved in this situation that has been created by Albert Wilson acting as financial advisor, and auditor with two different clients. The stake holders involved include Larry Wilson, Susan Wilson, loan officer, bank, Albert, and Albert’s daughter. The interest of each stake holder varies, however each is just as important. Larry Wilson wants to see his wife penniless after the divorce, thus setting us accounts to ensure his desire. Susan Wilson stands to become penniless after the divorce because of her husbands’ actions. The loan officer for he provided personal knowledge of the Wilson’s without their consent or knowledge. The bank as they have a reputation, and it can be hindered by the loan officer’s actions. Albert is relying on the bonus from the billing. Albert’s daughter as the bonus from Albert’s billing is to be used for her tuition and expenses when starting college...