An Accounting Ethics Case from Multiple Perspectives

Journal of Accounting Education, 43, 63-75. https://doi.org/10.1016/j.jaccedu.2018.04.003

The University of Auckland Business School Research Paper Series

Posted: 10 Feb 2022

See all articles by Kevin Dow

Kevin Dow

University of Auckland Business School

Marcia Weidenmier Watson

Trinity University

Vincent J. Shea

St. John’s University

Sara Kern

Gonzaga University - School of Business Administration

Date Written: 2018

Abstract

This case addresses ethical accounting issues often faced by the accounting profession using the activities of the investment group WWM, Inc. Based on the actions of real individuals and their companies, WWM, Inc. helps financially-distressed businesses obtain loans from financial institutions via a “Leveraged Asset Plan,” which provided necessary collateral for loans. Acting as a member of an Accounting Regulatory Board, you will examine the circumstances surrounding this company from multiple ethical perspectives and professional codes of conduct. The goal of the case is to (1) increase your understanding of ethical frameworks and professional codes of conduct and (2) learn how to apply these ethical frameworks to decision making. Full paper available at https://doi.org/10.1016/j.jaccedu.2018.04.003

Keywords: Professional codes of conduct, Ethical frameworks, Ethical decision making, AICPA code of professional conduct, IESBA code of ethics for professional accountants

Suggested Citation

Dow, Kevin and Watson, Marcia Weidenmier and Shea, Vincent J. and Kern, Sara, An Accounting Ethics Case from Multiple Perspectives (2018). Journal of Accounting Education, 43, 63-75. https://doi.org/10.1016/j.jaccedu.2018.04.003, The University of Auckland Business School Research Paper Series, Available at SSRN: https://ssrn.com/abstract=4024791

Kevin Dow

University of Auckland Business School ( email )

12 Grafton Rd
Private Bag 92019
Auckland, 1010
New Zealand

Marcia Weidenmier Watson (Contact Author)

Trinity University ( email )

San Antonio, TX 78212
United States

Vincent J. Shea

St. John’s University

Department of Economics and Finance
Tobin College of Business
Queens, NY 11439

Sara Kern

Gonzaga University - School of Business Administration ( email )

Spokane, WA
509-323-7031 (Phone)

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