Description
Legal and ethical decision making in business.
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Memorandum
Student’s Name
Institutional Affiliation
Course#: Course Title
Instructor’s Name
Assignment Due Date
2
Memorandum
To: Chief Executive Officer (CEO)
From: The Accounting Department Head
Date: February 26, 2021.
RE: Accounting Ethical Concerns about the Company Vice-president.
Hello CEO! I am writing this memo to inform you of urgent ethical concerns with the company
vice-president and the accounting department. The ethical concerns need your immediate attention
as the company boss. The vice president (VP) came to my office to demand a check of $250.00 he
spent taking a client to late-night business dinner. He handed me receipts from one of the expensive
restaurants in the city. It came to my attention the client being referred to by the Vice President
was his girlfriend, and he had taken her to a proposal dinner. This is not fair to the company under
my watch, and the situation needs to be resolved before the company loses resources to personal
use and not company endeavors. The situation raises four major ethical concerns to me. Let me
take you through them in this memo as follows for your reaction and action.
1. Asset Misappropriation.
Misappropriations of assets occur when a company employee wants or uses company
assets for personal purposes other than the organization’s interests (Freedman, 2019). The
VP claims that he took a client out for late-night dinner, and therefore he w...