Case Study: Atlas Cold Storage- Accounting Ethics

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Option #1: Case Study: Atlas Cold Storage

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Please read the case study and answer the questions that follow. Case Study: Atlas Cold Storage Inc.: https://uwaterloo.ca/centre-for-accounting-ethics/sites/ca.centre-for-accounting-ethics/files/uploads/files/atlas_cold_storage_case.pdf.

Cheating occurs at many levels within a firm. In the case study, the president engaged in several questionable activities with the company’s financial statements.

  1. With Ernst & Young LLP’s (“E&Y”), what might have been the ethical decision that they faced with the client?
  2. What was Andrew Peters’, VP and CFO, ethical justification to go along with the president?
  3. What could J. Nicholas Ross, Chairman, have done to foster and create an ethical environment?
  4. What might be the cheating signal in the company that would make deontology ethical theory effective?
  5. What might be the duty to the bank, creditors, and the client by E&Y, the auditor?
  6. What conclusion and results was the leadership of Atlas Cold storage expecting with all the financial schemes?

Requirements:

  • Your written paper should be 4 pages in length not counting the title and reference pages, which you must include.
  • Use terms, evidence, and concepts from class readings.
  • You need to cite at least three sources for this assignment, outside of the textbook.
  • Your paper must be formatted according to the APA

Review the Module 3 Critical Thinking rubric for full details on how you will be graded on this assignment.

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