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  • The following case studies were published by the Technical Policy Board of The Institute of Chartered Accountants of Scotland. The views expressed in the respective case studies are those of the Ethics Committee and do not necessarily represent the views of the Council of The Institute.

    Each of the respective case studies gives general guidance only and should not be relied on as appropriate or comprehensive in respect of any particular set of circumstances. It is recommended that users consider seeking their own professional advice.

    No responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication can be accepted by the authors or the publisher.

    All rights reserved. Any of the above case studies may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, with appropriate acknowledgement of the publisher. 

    Ethical Dilemma No.  


    Intended audience  

    Principal ethical issues  


    The creeping FD  

    Members in Business  

    Potential earnings management.  


    Double your money  

    Members in Business  

    Treatment of double payment of invoices.  


    To be, or not to be a NED?  

    Members in Business/Members in Practice  

    Matters to be considered before accepting a non-executive director appointment?  


    A bridge too far  

    Members in Business  

    After effects of rushed acquisition.  


    Keep it in the family  

    Members in Business  

    Possible undisclosed conflict of interests.  


    Man or mouse?  

    Members in Business  

    Possible acquisition not subject to sufficient due diligence.  


    Research and development  

    Members in Business  

    Potential inappropriate treatment of project costs.  


    Build them anyway!  

    Members in Business  

    Potential weakness in business payments system.  


    Seeing the wood for the trees  

    Members in Business  

    Potential transfer of raw material supplies to an overseas supplier in a politically unstable environment.  


    Heroic efficiency target  

    Members in Business  

    Implications of dramatic cost savings on compliance issues.  


    We're all in this together  

    Members in Business  

    Unknown receipt of personal benefits.  


    Sale or no sale?  

    Members in Business  

    Possible fraudulent accounting.  


    Unbilled rates - what you gonna do?  

    Members in Business  

    Can the non- payment of rates be ignored?  


    Unbilled rates - the auditor's untold story  

    Members in Practice  

    What impact does a company's non-payment of rates have on the audit?  


    Silence is golden  

    Members in Business  

    Potential non-provision of all relevant information to the auditor.  


    Judge and jury  

    Members in Practice  

    Is the client telling the full story - going concern considerations.  


    True, but fair?  

    Members in Practice  

    Qualification of audit opinion  


    Deal or no deal  

    Members in Practice  

    Potential conflict between contingent fee and professional judgement.  


    Everyone's a winner  

    Members in Practice  

    Can the tender process be distorted for financial gain?  


    Billing for Ernest's Cover-up  

    Members in Practice  

     Is it acceptable that your employer has been, apparently, so accommodating? 


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