Albert Gable is a partner in a CPA firm located in a small midwestern city which has a population of approximately 65,000.

Albert Gable is a partner in a CPA firm located in asmall midwestern city which has a population ofapproximately 65,000. Mr. Gable’s practice is primarilyin the area of personal financial planning; however,he also performs an annual audit on the city’slargest bank.Recently, Mr. Gable was engaged by Larry andSusan Wilson to prepare a comprehensive personalfinancial plan. While preparing the plan, Mr. Gablebecame personal friends of the Wilsons. They confidedto him that they have had a somewhat rockymarriage and, on several occasions, seriously discusseddivorce. Preparation of the comprehensivepersonal financial plan, which is nearing completion,has taken six months. During this period, Mr. Gablealso performed the annual audit for the bank.The audit test sample selected at random from thebank’s loan file included the personal loan files of Larryand Susan Wilson. Because certain information in theloan files did not agree with facts personally known toMr. Gable, he became somewhat concerned. Althoughhe did not disclose his client relationship with theWilsons, he did discuss their loan in detail with a loanofficer. The loan officer is very familiar with the situationbecause he and Larry Wilson were college classmates,and now they play golf together weekly.The loan officer mentioned to Mr. Gable that hebelieved Larry Wilson was “setting his wife up for adivorce.” In other words, he was arranging his businessaffairs over a period of time so that he would beable to “leave his wife penniless.” The loan officerindicated that this was just “locker room talk” andthat Mr. Gable should keep it confidential.Mr. Gable’s compensation from his firm is basedupon annual billings for services. If Mr. Gableresigns as CPA for the Wilsons, it would result in hislosing a bonus constituting a substantial amount inannual personal compensation. Mr. Gable is countingon the bonus to contribute to support tuition andexpenses for his youngest daughter, who will bestarting as a freshman in college next fall.Questions1. What are the ethical issues?2. What should Albert Gable do?•Read the Locker Room Talk Ethics Case on p. 284 (Ch. 4) of the text. •Analyze the case using stakeholder impact analysis and the philosophical approaches to ethical decision making. •Explain what you think Albert should do in a 700- to 1,050-word paper.•Organize your paper using the following section outlines. Review the questions for each section to help you analyze the case and frame your paper. oIntroduction•What is the ethical dilemma in the case?•What events led to the dilemma?•When describing the dilemma, did you mistakenly propose a solution?oStakeholders Involved•Have you identified stakeholders?•What is their stake in the case? •Have you described every stakeholder in an objective, unbiased way?oCourse of Action•Have you clearly stated the course of action Albert should take?•What reasons support your decision?•What philosophical approach did you use to reach your decision?•What are the weaknesses of your argument? Have you addressed counterarguments?oStakeholder Impact•How do you think each stakeholder will be impacted by your decision?•Are there potential impacts on stakeholders that are difficult to anticipate? Have you identified them?oConclusion•Do you present new evidence or analysis in the conclusion? Would it be more appropriate in another section of the paper?•Have you summarized the dilemma, your decision, and the potential effect on stakeholders?•Format your paper according to APA standards, including any references to the textbook or other sources.••Note: An important part of your grade on this assignment is demonstrating your ability to think critically: to suspend judgment while gathering evidence and consulting the various stakeholders’ positions, to analyze each position, to consider the effects of different courses of action, and then to make a decision and support it with evidence and logic.

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