Writer's choice Essay Example | Topics and Well Written Essays - 250 words - 35

Writers choice - Essay ExampleThis is because material misrepresentation of the facts of a harvest-home has a potential effect of making the customers to make decisions to purchase the product, something that would not have happened had the facts been set right. dissimulation of information to customers is both an ethical issue as well as a tort that ignore attract civil liability (CCAB, 2011). The ethical issue arises as the companys president is exactly driven by greed desires to keep up with the external competition that the company faces. That is why he is keen on deliberating changing the estimated life of the companys principal product, non-biodegradable plastic cartons, from 8 historic period to 12 years. He requirements to do this to improve the profitability of the company while not putting the necessarily of the customers in mind.A potential ethical situation that can happen when dealing with bad debts is when the unethical accountants modify the financial registers of a company and scheme the numbers so as to generate a fabricated picture that the company is making profits (CCAB, 2011). This can arise if the accountant in wait of the companys financial statements and balance sheets is under unwarranted pressure and tension from the management who want to record a success of the company. This pressure makes the accountants to provide deceitful reports of the proceeds, possessions and liabilities of the company. This type of a fraud is prudent for short-term remunerations for the companys but it can also lead to the ruin of the company at once it is discovered by the relevant authorities (CCAB,