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ACC 260 Final Project Solving Ethical Dilemmas in the Accounting Profession

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ACC 260 Final Project Solving Ethical Dilemmas in the Accounting Profession
Final Project Solving Ethical Dilemmmas in the Accounting Profession
After studying this case, the ethical dilemma is whether Daniel Potter should do the
work according to the audit and ethical guidelines or should he disregard the ethical
codes and continue to follow the instructions of his immediate boss. Daniel was
working as a staff accountant with Baker Greenleaf when given his first major audit
assignment to work on. This assignment required him to work under the supervision
of his senior, Oliver Freeman, on an audit for a client’s subsidiary; work shared with
another Big Eight firm. At the start of the work, Gene, his assistant, told Daniel that
Oliver was a strict authoritarian and a very inflexible man. During the course of the
audit, Dan came across a material misstatement that legally required him to issue an
“except for” opinion, but his supervisor insisted on issuing a clean audit opinion upon
which Daniel had several heated arguments with his supervisor. These events led
Daniel to question whether he should do as instructed by his supervisor or follow the
codes on ethics and professional integrity.
This case has four main stakeholders involved in it. The first stakeholder is Daniel
Potter, whos interest is in pursuing a career that is free from professional
misconducts. His interest to carry out work honestly and according to the highest
quality standards. He seems to have no compromise policy where is comes to

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