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Essay About The Dilemma Of An Accountant

Project id 1016329
Subject area Biology
Document type Essay
Words 3161
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The moral issue in this circumstance is just one which Daniel Potter is faced with. Daniel is currently a staff accountant at a Big Eight accounting firm, Baker Greenleaf. He was given the duty of performing an audit on a wholly-owned real estate subsidiary (Sub) with a long-standing and important client of his company. Oliver Freeman is Daniel's job supervisor. Oliver is the one which gave Daniel the task of doing the audit, and he's expecting a fresh opinion from Daniel about the evaluation of the Sub to be able to fasten the customers accounts exclusively. While doing the audit, Daniel discovered a discrepancy with the value of the Sub's biggest property properties. The Sub had valued the land at $2 million on their balance sheet, and Daniel had estimated the value of that property to be considerably lower. Since the land was a dilapidated building in a bad place and was unoccupied for several years, Daniel estimated the value to be $1.9 million less than what the Sub had appreciated it at. Daniel talked against the supervisors of this Sub about writing down the value of the house by what he'd anticipated, and they denied. Daniel chose to submit his investigation with a "subject-to-opinion" designation since he and the client had a difference of opinion. Oliver wanted to see a "clean opinion" at the event of the audit, but Daniel refused to alter it since that violated accounting regulations. Since Daniel would not change his investigation, Oliver took it upon himself to pull on the analysis and then change it to a clean opinion. Oliver also issued an adverse analysis on Daniel's operation of the audit. Daniel must decide what to do about this problem because his name is to the files which Oliver shifted, and to view...

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