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In this scenario, we use AAA ethical model because AAA decision making model urges the

decision maker to state their values, principles, and norms directly. According to AAA

decision making model, the justifications presented below are used to get to a responsible and

an ethical judgment with the use of response as first person:

Step 1: Facts of the case

In this case, I am a fresher graduate from Deakins Business School, having majored in

accounting and financial planning, and I got extremely lucky after my graduation and secured

a job with a boutique financial planning company, which prides itself as an honest, reliable

and trustworthy boutique firm, widely known o serve a lot of famous people, celebrities, and

their friends and families. I have been assigned Mark as my mentor to train me, make me feel

comfortable, and make me familiar with my roles and the culture of the firm, which is

honesty and hard work. Since the company has plans to expand its business, a higher revenue

goal has been set for every financial planner, this means that everyone is under extremely

high pressure to secure and maintain bi clients in order to achieve their individual financial

targets and higher bonuses and commissions. There is this client, Susan, who is one of the

major clients, and is the CFO of a listed company in the technology sector, that has been

successful for a number of years. The client wants to capitalize on share jump, because her

and the executive team are anticipating for a significant jump in the company’s share price,

which will be brought by two large government contracts, worth many millions each, that

will be awarded to the company. She wants me t structure things in a way that she will

maximize her investment and benefits, since she owns some shares of the company. She even

goes ahead and provides me with an unpublished and unaudited draft of the company’s

annual report.

Step 2: Key ethical issues involved.

The major ethical issue involved in this case is of my client, Susan wanting to capitalize on

the share jump by asking me to structure things in order to maximize her investment and

benefits. The other ethical issue is that she provides me with an unpublished and unaudited

draft of the company’s annual report for me to make the necessary adjustments to favor her.

This may raise alarm among the executive team of her company because of how her

investment benefits would have jumped so high. And in case an audit was done, it might lead

back to me. In addition to that, it could be highly risky for her in the long run in case the deal

does not go through, and the contracts are not signed.

Step 3: Ethical norms, values and principles.

The major principle involved in this case is of professional ethics as an accountant and

financial planner. An accountant, at any given point should not manipulate the financial

reports of a client’s company in favor of the client. As an accountant and a financial planner,

it is my responsibility to work with honesty and integrity, following all the accounting

principles and maintaining the culture of the firm I work with. I should not manipulate the

company’s annual reports so that I can structure things to help my client maximize on her

profits, even if by doing that my KPI will increase.

Step 4: Course of action and their ethical basis/ Available alternative courses of action.

First alternative: The first alternative is simply structuring things to maximise Susan’s

investment and benefits. This action will lead me to making perfect adjustments to the

company’s unpublished and unaudited annual report draft. If this action is successful and my

client gets a lot of returns from the share price jump, I will maintain her, and in addition to

that, she will pay me well thus increasing my KPI, I will have achieved my targets, and I will

receive high bonus and commission.

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In this scenario, we use AAA ethical model because AAA decision making model urges the decision maker to state their values, principles, and norms directly. According to AAA decision making model, the justifications presented below are used to get to a responsible and an ethical judgment with the use of response as first person: Step 1: Facts of the case In this case, I am a fresher graduate from Deakins Business School, having majored in accounting and financial planning, and I got extremely lucky after my graduation and secured a job with a boutique financial planning company, which prides itself as an honest, reliable and trustworthy boutique firm, widely known o serve a lot of famous people, celebrities, and their friends and families. I have been assigned Mark as my mentor to train me, make me feel comfortable, and make me familiar with my roles and the culture of the firm, which is honesty and hard work. Since the company has plans to expand its business, a higher revenue goal has been set for every financial planner, this means that everyone is under extremely high pressure to secure and maintain bi clients in order to achieve their individual financial targets and higher bo ...
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Tags: financial planning business and law Deakins Business School