Any Answers answered: Ethical dilemma
One AccountingWEB member sparked an ethical debate, when he posted on Any Answers about his older employer’s way of practising in terms of a particular client.
Vplus2008 is a second year ICAEW student working for a small firm, with an ACCA qualified boss in his late 70s.
When acting for a limited company, pub and restaurant owning client with a turnover of £180,000, the member came across an ethical dilemma between the way he, as a student, and his experienced boss reported the figures.
According to vplus2008, the client claimed the wrong amount of VAT back, won’t acknowledge or pay tax on rental income and cannot give an explanation of £35,000 in cash expenses - and his boss won’t agree with how he wants to deal with these issues.
“I’m close to leaving. I don’t think things are being run the way they should be,” he said, seeking the community’s advice.
The main issues are summarised as follows...