Post a brief explanation of the relationship between ethics and professional responsibility. Then, explain whether you agree or disagree with the way that Claude Ferguson chose to balance his objective, subjective, and ethical responsibilities as a public administrator given the personal and professional risks. Finally, offer an alternate strategy that Claude Ferguson could have taken and explain why it might help him to balance responsibilities and ethics. 300 words in APA format
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The company with which you are currently employed is experiencing a financial crisis. The chief financial officer (CFO) has suddenly resigned and no one is discussing the reasons. The U.S. Securities and Exchange Commission (SEC) is investigating your company’s accounting practices and, from the documents they have requested, the issue seems to concern revenue recognition. Rumors are beginning to circulate that suggest inappropriate behavior on the part of your company. The organization is a publicly traded company and, as such, the company is required to issue a public notice concerning the sudden vacancy of the CFO. As a certified public accountant on the team drafting the notice, you are involved in communicating the current situation to the general public.
Write a press release. You may research to find examples of public notices. Use the examples to determine how you will format your press release.
Write an accompanying internal memo of no more than 2 pages in length to your manager. Complete the following in your memo:
Outline what your company is legally required to do.
Explain the value of the public communication in this situation.
Examine the balance between calming external stakeholders and the ethical considerations of providing all the information that is required by the SEC.
Explain how the perception of the press release will affect public opinion.
in the description
in the description
Order Description
The company with which you are currently employed is experiencing a financial crisis. The chief financial officer (CFO) has suddenly resigned and no one is discussing the reasons. The U.S. Securities and Exchange Commission (SEC) is investigating your company’s accounting practices and, from the documents they have requested, the issue seems to concern revenue recognition. Rumors are beginning to circulate that suggest inappropriate behavior on the part of your company. The organization is a publicly traded company and, as such, the company is required to issue a public notice concerning the sudden vacancy of the CFO. As a certified public accountant on the team drafting the notice, you are involved in communicating the current situation to the general public.
Write a press release. You may research to find examples of public notices. Use the examples to determine how you will format your press release.
Write an accompanying internal memo of no more than 2 pages in length to your manager. Complete the following in your memo:
Outline what your company is legally required to do.
Explain the value of the public communication in this situation.
Examine the balance between calming external stakeholders and the ethical considerations of providing all the information that is required by the SEC.
Explain how the perception of the press release will affect public opinion.