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Essay / Research Paper Abstract
This 3-page paper covers the question of what happens when too much money is being shunted to a company that is clearly a conflict of interest scenario.
Page Count:
3 pages (~225 words per page)
File: AS43_MTwestcase.rtf
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Unformatted sample text from the term paper:
in purchases from A-1 Warehouse sales. Charlie told Jon hed mentioned it to purchasing agent Fred, who had seemed evasive, though told Charlie that A-1 offers one-day delivery on orders.
Jon pointed out that Westwood was attempting to implement just-in-time to get the inventory down. Despite the 30% markup by A-1, Jon felt that not having to stock the stuff
ahead of time was worth the extra cost. But what really concerned Charlie was that when hed ordered a Dun & Bradstreet report on A-1, he discovered it was being
run by Jons brother-in-law. Though Jon waved the relationship away, Charlie was justifiably concerned, wondering how he should handle the situation. He could probably ignore the situation, which would save
his job for the time being. But if Charlie is an ethical management accountant (which he seems to be, given he is even approaching Jon in the first place), then
ignoring the scenario will definitely cause him a lot of sleepless nights. Charlie is definitely in a dilemma. There is a clear case of conflict of interest going on right
in front of him - and the CEO of his company is not only condoning it, hes supporting it. Is Charlie justified in ignoring the situation, as he isnt the
purchasing agent? The answer here is a clear-cut no. He may not be the purchasing agent, but he is the controller. He handles the books. He sees the money come
in and go out. Its his responsibility to ensure that the books are correct (as its these figures that help investors decide if they want to invest in Westwood). And,
as the controller, if he sees something fishy with the books, he needs to report them. If Westwood were a privately owned company, it would be one thing. But as
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