PRESENTADO POR:
GUADALUPE BLANCO
BERENICE CAMACHO
NRC:9234
PRESENTADO A:
SILVIA GARCIA
TUTOR
CORPORACION UNIVERSITARIA MINUTO DE DIOS
CONTADURIA PUBLICA
BOGOTA
2021
ACTIVITY #1
ETHICAL DILEMMA
Dear student,
Here, you will find a study case related to the public accountant’s ethical
behavior. Read it carefully and then select TRUE or FALSE according to the
statements presented. Look at the example in blue:
The client chose to engage an alternative firm of bankers.
FALSE
CASE STUDY 3
CONFLICTING CLIENTS’ INTERESTS
You are a sole practitioner who used to provide a range of accountancy
services for a small company (Company A) that owns a hardware shop in the
town where you practise.
Following a brief retendering process, the client chose to engage an alternative
firm of accountants. Both you and the other firm had been asked to tender for a
range of services, including the preparation of year end accounts, tax
compliance work, and a due diligence exercise in respect of the intended
purchase of a small hardware business in the neighboring town.
You believe that you were unsuccessful in the tendering process on the
basis of cost alone, as Company A is not very profitable, and suffers from the
competition of the other hardware business that it intends to acquire.
You are the continuity provider for another local sole practitioner. Two months
ago, he suffered a heart attack, and so you are currently acting for a number of
his clients. He is not expected to resume practicing for another two months.
One of the clients of the incapacitated practitioner (Company B) operates a
shop selling electrical goods. The director and majority shareholder have called
you to arrange a meeting to discuss a business venture that he is considering.
At the meeting, the client explains that he intends to make an offer for the same
small hardware business that Company A is seeking to acquire. He is aware
that there is another bidder for the business, but is unaware that it is Company
A, or that Company A used to be your client.
When the meeting is over, you start to feel uneasy. You want to help Company
B and provide a valued service on behalf of the practitioner for whom you are
the continuity provider. But you realize that you are also in possession of
confidential information concerning the plans of your previous client. You are
aware of Company A’s problems and its motivation for wishing to acquire the
business.
Taken from: Consultative Committee of Accountancy Bodies. (2011). Ethical Dilemmas Case
Studies: Professional Accountants in Public
Practice. [Link]
[Link]?la=en
1. You are a sole practitioner who used to provide a range of accountancy
services for a small company.
TRUE OR FALSE?
TRUE
2. At the meeting, the client explains that he intends to make an offer for the
same small hardware business that Company A is seeking to acquire.
¿TRUE OR FALSE?
TRUE
3. He is aware that there is another bidder for the business, but is unaware that
it is Company A, or that Company A used to be your client.
¿TRUE OR FALSE?
TRUE
BIBLIOGRAFÍA BÁSICA
Gil, G. (2017). Ética del profesional contable (2.a ed.). ECOE ediciones.
Ovallos, D. y Álvarez, C. y Miranda, A. (2017). Ética y responsabilidad social
del contador frente a las Normas Internacionales de Información Financiera
(NIIF) en Colombia. Un análisis prospectivo. Revista Espacios, 38(37), 14.
Blanco, L. (2013). Ética integral. ECOE.
BIBLIOGRAFÍA COMPLEMENTARIA
Pinilla, J.; Álvarez, J. (2013, julio-diciembre). Del contador público y la ética
profesional: un dilema inmerso en un ambiente saturado de conflictos
morales. Contaduría Universidad de Antioquia, 63, 127-158.
GLOSSARY
Engage: Formalizar un servicio a través de un contrato.
Accountants: Persona que obtuvo el título de contador Público emitido por una
universidad reconocida.
Compliance: Cumplimiento de un deber u obligación.
Purchase: Intercambio de un bien o servicio a cambio de dinero.
Neighbouring: Persona o empresa que se encuentra cerca.
Unsuccessful: Persona o empresa (negocio) con pérdidas.
Tendering: Adjudicación de un contrato por concurso.
Profitable: Actividad o acción que genera utilidad.
Business: Actividad en la cual se realiza una operación comercial.
Provider: Empresa o persona que provee materias primas.
Shareholder: Persona o empresa que tiene acciones o participa en el capital de
otra empresa.
Confidential: Que es propio de la persona u organización.
