Answer Happy

Respond to the following scenario: 1) Identify the possible breaches as it pertains to ethics in accounting and the workplace. 2) Detail possible solutions for the above. Scenario: Assume you are an accountant at a large, publicly traded corporation. You are privy to ALL aspects of the accounting systems and are in charge of the annual audit. In your quarterly analysis you are seeing extreme amounts of money being spent in R&D, research and development, upon further inquiries you find that your company is on the cutting edge and close to launching a new and improved green vehicle that is soley operated on the air around us. This new finding could mean the end of production for all other vehichles and a financial windfall for stockholders in the company. You decide to purchase as much stock as you can with your life savings. Do you have any ethical responsibilities in relation to your duties as accountant? What are the implications as they relate to your planned purchase?