MeiMei is a professional accountant employed by The American Company Bhd since Mei really needs this job as he has a big family with five young children and jobs like this one is hard to come by in the area where he lives along with his family. This company deceptively avoids paying the mandatory import duties on the motorcycles it imports from Italy in November 2019. The President of the company, Steven asked MeiMei to prepare and provide him with a statement of the duty avoided on the purchase of these motorcycles for the past three years. The President also asked that MeiMei sign off this statement. The statement that MeiMei prepared and presented to the President showed that $11,800,000 in customs has been avoided by the company in the last three years. Since MeiMei prepared the statement, he was having trouble sleeping at night. i)Explain the ethical issues in the above case. ii)Should MeiMei quit the job and report this situation to the regulatory bodies? Justify your answer.
MeiMei is a professional accountant employed by The American Company Bhd since Mei really needs this job as he has a big family with five young children and jobs like this one is hard to come by in the area where he lives along with his family. This company deceptively avoids paying the mandatory import duties on the motorcycles it imports from Italy in November 2019. The President of the company, Steven asked MeiMei to prepare and provide him with a statement of the duty avoided on the purchase of these motorcycles for the past three years. The President also asked that MeiMei sign off this statement. The statement that MeiMei prepared and presented to the President showed that $11,800,000 in customs has been avoided by the company in the last three years. Since MeiMei prepared the statement, he was having trouble sleeping at night.
i)Explain the ethical issues in the above case.
ii)Should MeiMei quit the job and report this situation to the regulatory bodies?
Justify your answer.
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