Chapter 18, Problem 18.7BYP

To determine

Ethical Issue: The president of S Company included only positive changes in ratios and other financial data in the press release to bolster the company’s image and share price. The ratios which deteriorated are not included in the press release.

To identify: (a). the stakeholders, (b).unethical consideration of president’s action and (c).the responsibilities of controller and public relation director.