Fraudulent Reporting

Fraudulent Reporting
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Fraudulent Reporting
Introduction
The fraudulent billing reporting scenario may appear advantageous for the employees and the business, but carrying it out will compromise standards of practice at a professional level. The fact is that Scott's agreement to cut back on overtime pay will benefit the business, its employees, clients, and patrons because it will result in more bids. Scott is split between two competing concerns on whether or not to agree to a reduction in the number of billable hours. Professional ethics and structures are important in various professional structures. Underreporting billable hours that have been charged by the employees is against the corporation's policy. Accounting firms that offer low billable hours are striking and attractive to prospective customers considering that a bid with the lowermost total complete cost will get the deal. If the employees report a smaller amount of hours than expected, the company will appear more attractive and will possibly get the contract deal. The "utilization metric" used to assess an employee's productivity puts pressure on you to report reduced billable hours. Due to a better utilization rate, workers who report fewer hours than their counterparts will be viewed as more effective. Scott recalls a situation where one of his coworkers received a promotion due to his incredibly high usage rate. He knows that recording his actual working hours might put him at a disadvantage for the end-of-year performance assessment. Scott runs the risk of losing the upper hand over his coworkers, who almost all engage in underbilling if he records all of his billable hours per company regulation. Although Scott is uneasy with the practice, he worries that his prospects could be better.
Q 1. Critically evaluate the fraudulent reporting case using normative ethical theories
The fraudulent reporting scenario may appear advantageous for the employees and the business, but carrying it out will compromise professional standards. The truth is that Scott's agreement to cut back on overtime pay will benefit the business, its employees, clients, and patrons because it will result in more bids. Scott is split between two competing concerns on whether or not to agree to a reduction in the number of billable hours. A deontologist will contend that Scott shouldn't act this way and should stick to his guns about not letting it impact his billable hours to keep things as they are. It focuses on the connection between duty and the morality of human actions for philosophical deontological ethics. Deontological integrity embraces that an action is morally good not just because the activity results in a good act. However, because of some characteristics of the action itself. Yes, the action may be advantageous to the business, but it is awful and unethical when it comes to professional problems for Scott. Similar to this, a virtue ethic will insist that Scott behave professionally and uphold the standards of conduct for his position (Christie, Groarke & Sweet 2014). Aristotle created this school of thought and other ancient Greeks, based it on the idea that it is character-based ...