Applying Decision Framework

Applying Decision Framework

T Kemp Week 8 Assignment
Tammie Kemp

Oct 5, 2013
University of Phoenix

T Kemp Week 8 Assignment
Albert does have a dilemma here. He has access to records that he did not have before because of the audit at the bank. He works for the bank but he also works for the Wilson’s. How do you keep both happy and also keep everything above board and in line with all the rules and regulations that are on a CPA? By doing the audit which was random at the bank he learned new information that would also help him with the financial report for the Wilsons.
Now the Wilsons hired him to do a financial report for them and Albert does want to do the report to the best of his abilities. He also has the bank as a client and he needs to make sure that when he does his report their interest with the loan does not falter. Both Albert and the loan officer at the bank know of the rocky marriage that the Wilsons have so this is to me general knowledge. Albert also has think about himself in this matter. If he quits with the Wilsons than he does not get the pay he is counting on to help his family.
Albert needs to take the high road in this. He needs to take the information that he got from the bank and use that information as well while finishing the financial plan for the Wilsons. When he talks with the Wilsons again he can present the plan like they asked for and if questioned about the loan information from the bank he needs to let them know that this information was obtained while doing an audit with the bank and he felt that it was pertinent to making sure that he gave them the best financial plan that he could. He should let them know that he does do the audits for the bank as a CPA as well as doing personal financial plans for individuals. Using this virtue plan he stays neutral with both parties and does not violate in of the rules that govern CPA’s in their business. He also is showing the way to do as I do not hiding or lying about something to people. Now the...

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