HI6026 Audit, Assurance And Compliance

The ethical decision model is reliant on the various business decisions that have to be made timely so as to ward of all the negative consequences. The impact of these decisions can be significant and the outcomes tend to well affect the stakeholders. The American Accounting Association Model, also referred to as the AAA model forms a crucial part of this report. The American Accounting Association Model has been written by Langederfer and Rockness in the year 1990 (Fedorowicz & Gray, 2021; Gupta, 2021). In the report the logical decision making model tries to bring about the best results that can be well deployed.

Steps

The model has the crucial steps with the ease in the decision making being carried out. The establishment of the facts of the case is crucial as that is the first step. In this case, the Ethical Issues involved are being reflected in the Report that is being designed for the Managing Partners of MYH. The relevant strength of the negligence of the case the can be brought against MYH is also considered to be relevant (Fedorowicz & Gray, 2021; Gupta, 2021). The establishment of the facts of the case and the decision making process with the no ambiguity about the crucial consideration is significant. There is an important impact of these decisions can be significant and the outcomes tend to well affect the stakeholders.

The identification of the ethical issues as part of the case is the priority too. The involvement of the examination of the facts that are relevant to the case and the ethical issues that are being at stake need to be well considered. The identification of the various norms and the principles along wit the values does also take place at this stage. The crucial strength of the negligence of the case that can be brought against MYH is also considered to be relevant. The placement of the decision in the social and the ethical forms the professional behavior context too. The professional codes of ethics are part of the model and there is a relevance of the facts which cannot be undermined. The stock market is well involved in the decision and the market sentiment which can bring up or bring down the prices of the stocks are a crucial consideration too (Fedorowicz & Gray, 2021; Gupta, 2021). The establishment of the facts of the case and the decision making process with the no ambiguity about the crucial consideration is significant.

MYH CASE

The case that can be brought against MYH pertains to the alternative course of action. The same is being identified in the relevant manner. The involvement of the course of the action is based on the considered norms. The various principles and the values also tend to be crucial. The same will ensure that MYH has the appropriate action which will come by its bay. The norms and the principles based on the case need to be well considered. The same are helpful as the options that are identified based on the recommendations can be well taken into account (Fedorowicz & Gray, 2021; Gupta, 2021). The professional codes of ethics do form a crucial part of the model and there is a relevance of the facts which cannot be negated. The stock market is well involved in the decision and the market sentiment too which impacts this case. He consequences of the outcome need to be well considered as part of the model. The purpose aligned to the AAA model is the understanding of the implications linked to each of the outcome (Gao et al., 2021). The final decision will be made in full and this will bring about the full knowledge exposure and the recognition of the final decisions that are being carried out.

Recommendation

The recommendations based on the case are linked to the scenario. The auditor has to identify the irregularities. The identification of the amount of money that is offered by the client and the significance of the same needs to be well identified. The auditor needs to uncover the facts and also bring about the ethical issues that are prevailing in this case. MYH needs to take a stand and the accepting of the bribe needs to be considered. There are the norms and the principles which need to be based on the operation of the capital market. The role and the relevance of the stakeholders is also a crucial consideration. The auditor entrusted needs to carry out a thorough research of the evidence that is already being prepared needs to consider the norms and the principles based on the case need to be well considered. The same are helpful as the options that are identified based on the recommendations can be well taken into account. In case of the finding of the irregularities that prevail as part of the system. The view of the financial situation and the interference of the auditor will play a crucial role.

Conclusion

The use of American Accounting Association with the ethical decisions being undertaken can be helpful. The ethical issues involved are impartant. The impact of these decisions can be significant and the outcomes tend to well affect the stakeholders. The American Accounting Association Model, also referred to as the AAA model forms a crucial part of this report. The establishment of the facts of the case is crucial as that is the first step. In this case, the Ethical Issues involved are being reflected in the Report that is being designed for the Managing Partners of MYH. The relevant strength of the negligence of the case the can be brought against MYH is also considered to be relevant.

The identification of the various norms and the principles along with the values does also take place at this stage. The crucial strength of the negligence of the case that can be brought against MYH is also considered to be relevant. The placement of the decision in the social and the ethical forms the professional behavior context too. The professional codes of ethics are part of the model and there is a relevance of the facts which cannot be undermined. The involvement of the course of the action is based on the considered norms. The various principles and the values also tend to be crucial. The same will ensure that MYH has the appropriate action which will come by its bay. The norms and the principles based on the case need to be well considered. The same are helpful as the options that are identified based on the recommendations can be well taken into account. There are the norms and the principles which need to be based on the operation of the capital market. The role and the relevance of the stakeholders is also a crucial consideration. The auditor entrusted needs to carry out a thorough research of the evidence that is already being prepared needs to consider the norms and the principles based on the case need to be well considered. The auditor who is entrusted for the auditor. The consequences associated to the possible case are to be taken into consideration. This will also lead to the situation wherein the professional along with the liability identified. The American Accounting Association Model, also referred to as the AAA model forms a crucial part of this report. The establishment of the facts of the case is crucial as that is primarily important.

References

Fedorowicz, J., & Gray, J. M. (2021). The MSA is dead. Long live the MSA (A)!. Journal of Emerging Technologies in Accounting, 18(2), 209-219.

Gao, R., Liu, J., & Yin, B. (2021). An Expanded Ethical Decision-making Model to Resolve Ethical Dilemmas in Assessment. Studies in Educational Evaluation, 68, 100978.

Gupta, A. K. (2021). A Study of Human Resource Accounting. International Journal of Research in Engineering, Science and Management, 4(1), 10-12.