Ethics Assignment Example | Topics and Well Written Essays - 1250 words

Ethics - Assignment ExamplePhil covered up his ill intentions by saying that the tidy sum would enhance a complete system overhaul.Fraud is a common unethical issue among firms that aim to make money through and through unscrupulous activities (Richardson p 18). Kevins intentions were not for the good of the company, but for his personal satisfaction. Fraud affects a companys financial statements. It is much more than dearly-won to cover-up fraud when the financial statements are undergoing audit procedures.2. Fraudulent activities in Empress Luxury Lines have a material impact on various stakeholders. Kevin Pfeiffer, the calculating machine technician is likely to get fired for two reasons first, he declined Phils order to dig up nearly all the underground wires and cables. Phil is Kevins supervisor who has the sanction to dismiss him on grounds of declining to perform duties (which is also a fraudulent activity by Phil). Secondly, Kevin was still a new hire under probation. H e was well aware that failure to heed to Phils orders would have dire consequences on his career. His job was at stake as it is evident from what he told Antonio that his one did not matter. The orders he declined were performed by Matt, who would also benefit from the abhorrent actions.The insurance company would also have suffered from fraud. The insurance company was defrauded sums thirty times more of what would have been the real amount. Antonio claimed that he had heard rumours that the company successfully defrauded insurance companies before he arrived. Phils fraudulent activities brought truth to those allegations. The fraudulent activities had adverse set up on the companys shareholders and financiers the main source of capital for the company. The financial statements they received did not reflect a truthful and fair financial function of the business. In fact, the parties involved in the fraudulent activities