PLEASE ALWAYS INCLUDE CONCLUSION AT THE END OF EACH WRITTEN ASSIGNMENT,AND AT LEAST 3 REFERENCES. CITE YOUR SOURCES AND DO NOT COPY PASTE FROM THE INTERNET, OUR UNIVERSITY USE TURNITIN AS WELL AS CHECKS EVERY ASSIGNMENTS THROUGH DIFFERENT PLAGIARISM PROGRAMS.  1. Case Study: Conflicting Clients Topic: Auditing (Confidentiality, Misrepresentation of Facts) People Involved: · Jennifer Grace, First year member of her CPA firm’s management group · Tom Ward, CFO of Fantastic Developments, Inc., a client While reviewing the current-year audit working papers of Coshocton National Bank (CNB), the engagement manager, Jennifer Grace, noted something curious. In the working papers related to loan valuation, Jennifer saw that the commercial loan of Fantastic Developments had been randomly selected for confirmation but that Fantastic had not responded to either the initial or second confirmation request. The audit staff disposed of this “loose end” by alternate procedures: examining cash collections (which had become somewhat sporadic) and vouching to underlying loan documentation, including a set of recent (unaudited) financial statements that showed Fantastic’s solid financial position and operating profitability. Jennifer noted this reference to Fantastic Developments because this private company was also a client of her firm. In fact, Jennifer had served as the audit senior on the prior-year audit of Fantastic. She knew that the company had been struggling for a couple of years and had experienced recurring operating losses. Her knowledge of Fantastic did not reconcile with the discussion in the audit working papers related to the financial statements furnished to the bank. When Jennifer contacted Fantastic’s CFO, Tom Ward, and inquired about the company’s apparently miraculous turnaround, he was noncommittal and unhelpful. Tom replied that business had picked up. He apologized for not calling Jennifer’s firm himself because he had been so busy, and then he told her that Fantastic had decided to engage another CPA firm for its accounting and auditing needs. Although confused, Jennifer obviously couldn’t reject the possibility that this abrupt dismissal was a direct consequence of her inquiry. As a result, Jennifer wonders whether the financial statements which Fantastic furnished to the bank as a basis for a loan application are fraudulent. The bank apparently has no such suspicion, however. _______________________________________________ Use the Instructionsfor Case Analyses to craft a response to this case, articulating the main issues and ethical dilemma.   Review the assessment criteria below before you begin writing.  Submit a written paper which is 2-3 pages in length exclusive of reference page and that is double-spaced.  You should cite relevant resources in APA format.  Papers will be assessed using the following criteria: The Written assignment: · identifies all the relevant facts of the case · articulates overarching et.

1. PLEASE ALWAYS INCLUDE CONCLUSION AT THE END
OF EACH WRITTEN ASSIGNMENT,AND AT LEAST 3
REFERENCES. CITE YOUR SOURCES AND DO NOT COPY
PASTE FROM THE INTERNET, OUR UNIVERSITY USE
TURNITIN AS WELL AS CHECKS EVERY ASSIGNMENTS
THROUGH DIFFERENT PLAGIARISM PROGRAMS.
1.
Case Study:
Conflicting Clients
Topic:
Auditing (Confidentiality, Misrepresentation of Facts)
People Involved:
· Jennifer Grace, First year member of her CPA firm’s
management group
· Tom Ward, CFO of Fantastic Developments, Inc., a client
While reviewing the current-year audit working papers of
Coshocton National Bank (CNB), the engagement manager,
Jennifer Grace, noted something curious. In the working papers
related to loan valuation, Jennifer saw that the commercial loan
of Fantastic Developments had been randomly selected for
confirmation but that Fantastic had not responded to either the
initial or second confirmation request. The audit staff disposed
of this “loose end” by alternate procedures: examining cash
collections (which had become somewhat sporadic) and
vouching to underlying loan documentation, including a set of
recent (unaudited) financial statements that showed Fantastic’s

2. solid financial position and operating profitability.
Jennifer noted this reference to Fantastic Developments because
this private company was also a client of her firm. In fact,
Jennifer had served as the audit senior on the prior-year audit of
Fantastic. She knew that the company had been struggling for a
couple of years and had experienced recurring operating losses.
Her knowledge of Fantastic did not reconcile with the
discussion in the audit working papers related to the financial
statements furnished to the bank.
When Jennifer contacted Fantastic’s CFO, Tom Ward, and
inquired about the company’s apparently miraculous
turnaround, he was noncommittal and unhelpful. Tom replied
that business had picked up. He apologized for not calling
Jennifer’s firm himself because he had been so busy, and then
he told her that Fantastic had decided to engage another CPA
firm for its accounting and auditing needs. Although confused,
Jennifer obviously couldn’t reject the possibility that this abrupt
dismissal was a direct consequence of her inquiry.
As a result, Jennifer wonders whether the financial statements
which Fantastic furnished to the bank as a basis for a loan
application are fraudulent. The bank apparently has no such
suspicion, however.
_______________________________________________
Use the
Instructionsfor Case Analyses
to craft a response to this case, articulating the main issues and
ethical dilemma. Review the assessment criteria below before
you begin writing.
Submit a written paper which is 2-3 pages in length exclusive of
reference page and that is double-spaced. You should cite

3. relevant resources in APA format.
Papers will be assessed using the following criteria:
The Written assignment:
· identifies all the relevant facts of the case
· articulates overarching ethical issues including the extent of
Jennifer's responsibility to take action; how the interests of the
firm (and stockholders) can be balanced against the
environmental interests; what obligation the company has to
future generations and citizens.
· identifies all stakeholders
· poses possible alternatives and ethics of each alternative.
Paper should explore the possible alternatives and ethics from
the Utilitarian Perspective, the Rights Perspective,
or
the Justice Perspective
· identifies all practical constraints
· recommends a specific action Jennifer should take
· is of high quality, writing is clear and professional
· conforms to the structural requirements including APA style
guidelines for References.
2.Topic: Corporate Social Responsibility
Involved Parties:
· Bob, President

4. · John, Chemical Engineer
· Henry, Controller
· Kirk, Assistant Controller
Kirk is a bright individual who is being groomed for the
Controller’s position in a medium-sized manufacturing firm.
After his first year as Assistant Controller, the officers of the
firm were starting to include him in major company functions.
For instance, today he was attending the monthly financial
statement summary given at a prestigious consulting firm.
During the meeting, Kirk was intrigued at how all the financial
data he had been accumulating was transformed by the
consultant into revealing charts and graphs.
Kirk was generally optimistic about the session and the
company’s future until the consultant started talking about the
new manufacturing plant the company was adding to the current
location and the costs per unit of the chemically plated products
it produced. At that time, Bob (the President) and John (the
chemical engineer) started talking about waste treatment and
disposal problems. John mentioned that the current waste
facilities were not adequate to handle the waste products that
would be created by the “ultramodern” new plant in a manner
that would meet the industry's fairly high standards, although
they could still comply with federal standards. Kirk’s boss,
Henry, noted that the estimated cost per unit would be increased
if the waste treatment facilities were upgraded according to
recent industry standards.
While industry standards are presently more stringent than
federal regulations, environmentalists are strongly pressuring
for more stringent regulations at the federal level. Bob
mentioned that since their closest competitor did not have the

5. waste treatment facilities that already existed at their firm, he
was not in favor of further expenditure in this area. Most
managers at this meeting resoundingly agreed with Bob, and
business continued on to another topic.
Kirk did not hear a word during the rest of the meeting. He kept
wondering how the company could possibly have such a casual
attitude toward the environment. Yet he did not know if, how,
or when he could share his opinion. Soon he started reflecting
on whether this was the right firm for him. What should Kirk
do? Putting Corporate Responsibility first, but recognizing the
politics at play, what is the most ethical thing to do? The most
practical? What strategy would you suggest to Kirk if he came
to you for advice?
Use the
Instructions for Case Analyses
to craft a response to this case, articulating the main issues and
ethical dilemma. Review the assessment criteria below before
you begin writing.
Submit a written paper which is 2-3-pages in length exclusive
of reference page and that is double-spaced. You should cite
relevant resources in APA format.
Papers will be assessed using the following criteria:
The Written assignment:
· identifies all the relevant facts of the case
· articulates overarching ethical issues including the extent of
Kirk's responsibility to take action; how the interests of the firm
(and stockholders) can be balanced against the environmental
interests; what obligation the company has to future generations
and citizens.

6. · identifies all stakeholders
· poses possible alternatives and ethics of each alternative.
Paper should explore the possible alternatives and ethics from
the Utilitarian Perspective, the Rights Perspective,
or
the Justice Perspective
· identifies all practical constraints
· recommends a specific action Kirk should take (may include
leaving the company)
· is of high quality, writing is clear and professional
· conforms to the structural requirements including APA style
guidelines for References.
3. DISCUSSION BOARD
Corporations often
“vote with their feet”
in terms of doing business where expenses are lowest and
revenues are highest. Buying low and selling high is a basic
economic formula for success that has motivated international
trade in many ways over the centuries. This is popularly
discussed when governments consider tax policies and is also
applicable when they also consider the less obvious factor of
environmental protections laws. If Mexico has no ban on DDT
(a pesticide used in agriculture) and the USA has banned the use
(but not the manufacture) of DDT, should a corporation buy
land in Mexico, import DDT from the USA, grow larger crops,
and export them to the USA?
· What ethical duties does the corporation have to the workers

7. in Mexico, the neighboring landowners, and the USA consumers
about the potential dangers of using DDT?
· Is there an ethical duty of DDT manufactures related to their
export of DDT to countries that do not ban its use as the USA
does?
Your Discussion should be a minimum of 250 words in length
and not more than 450 words. Please include a word count.
Following the APA standard, use references and in-text
citations for the textbook and any other sources.