Certified General Accountant Essay

As a Certified familiar Accountant (CGA), ethics are a fundamental requirement. CGAs affect the welfare of their nodes and similarly the wider stakeholder-society. It is life-or-death to cogitation in consonance with the six CGA Canada Code of Ethical Principles. cunning and negligence do occur only and they have negative implications on the paid, the client, the professional body, and society as a whole. For example, in the case of Kelley Lynch, she was trusted by her client, Leonard Cohen, to work responsibly as his business animal trainer (Malemed).Unfortunately, her activities can be analyzed to turn out how she failed to act responsibly and flat break three respectable principles. Lynch violated the ethical principle of Trust and Duties. As a professional accountant, Lynch failed to find the trust that her client bestowed upon her and used her internal position as business animal trainer to cater to her own needs. For example, Lynch conspired with Richard Westi n to charter him as Cohens tax lawyer in order to cater to her self-concern With Westins help, they devised a complex corporal structure as a fomite for retirement savings.Taking advantage of her exemption to access Cohens finances, she stole everywhere $50 million. A nonher key impingement is that she failed to remain independent in creative thinker and appearance, as she was once in a personal relationship with Cohen (Malemed). * * Lynch to a fault violated the principle of Responsibilities to Society. She failed to uphold to responsibilities to society, which imply acting with trustworthiness, integrity and objectivity.She failed to display these characteristics in her own actions and in her dealings with her colleague, Westin, slice serving her client. For example, Lynch is entitled to 15% management compensation, however she broke Cohens trust by stealing more than $5 million of his savings, which is greater than her define compensation amount. She failed to act with integrity and objectivity, when her client took time off from his career. She used this probability to receive more royalties through the dodge that Westin helped to develop (Malemed).* * Lynch also directly violated the principle of Deceptive Information. As a professional accountant, Lynch failed to not be associated with information that is false or misleading. With Westins help, Lynch pretended to exchange Cohens music-publishing order and royalty for $12 million. Lynch falsely stated to Cohen that the bills from the sale would go to a company possess by his children, but alternatively it went to a company almost owned entirely by Lynch (Malemed).* * In conclusion, Lynch failed to act responsibly with handling the finances of her client, Cohen and directly violated at least three of the six ethical principles. This is just one incident of dodge and negligence that has occurred in professional bill bodies. Therefore, to maintain the integrity and respect of the CGA profe ssion, it is crucial that members always act in union with the CGA Canada Code of Ethical Principles.