Ethical Dilemma-Dilemma of an Accountant Descriptive Essay by Top Papers

Ethical Dilemma-Dilemma of an Accountant
Describes an ethical dilemma faced by an accountant.
# 131890 | 1,250 words | 1 source | 2007 | US
Published on Dec 01, 2007 in Accounting (Financial)


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Description:

This paper gives presents a fictitious scenario faced by a new accountant at a large firm. The new employee has been tasked with auditing an established client of the firm, a wholly-owned real estate subsidiary. According to the paper, during the audit the new accountant discovered that the real estate company was over-stating the value of its property holdings by at least $1.9m. The paper concludes by showing the recommendations that the new accountant made, particularly that the company write down the stated value of the property to more accurately reflect its true value.

From the Paper:

"Baker Greenleaf (Greenleaf) is a large accounting firm that has a sound reputation in the industry. Greenleaf recently hired a new accountant, Dan Potter who has been tasked with auditing an established client of Greenleaf, a wholly-owned real estate subsidiary. During the audit Potter discovered that the real estate company was over-stating the value of its property holdings by at least $1.9m. Potter has recommended that the company write down the stated value of the property to more accurately reflect its true value. During this process Potter has been requested, by..."

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APA Format

Ethical Dilemma-Dilemma of an Accountant (2007, December 01) Retrieved December 01, 2022, from https://www.academon.com/descriptive-essay/ethical-dilemma-dilemma-of-an-accountant-131890/

MLA Format

"Ethical Dilemma-Dilemma of an Accountant" 01 December 2007. Web. 01 December. 2022. <https://www.academon.com/descriptive-essay/ethical-dilemma-dilemma-of-an-accountant-131890/>

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