University of Wisconsin Eau Claire accounting professors Matt Fish, Ed.D. and Bill Miller, Ed.D., were presented with the 2015 Best Contribution to Teaching Award at the 20th Annual Symposium on Ethics Research in Accounting. The annual symposium is held in conjunction with the American Accounting Association Annual Meeting and Conference on Teaching and Learning. This year's conference was held August 8-12 in Chicago, IL.
Fish and Miller won the award for their case, "SourceOne Furniture's 300% Tariff: What's Their Duty". The case examined the ethical implications of importing products from a Chinese supplier after the importer has discovered that the United States Department of Commerce has imposed a high tariff (300%) on the imported goods. Issues addressed in the case included the concept of corporate governance, a lack of internal controls, and the professional conduct of the corporate controller as the organization attempts to circumvent the high tariff.
"We discuss the circumstances leading up to the decision to import the product, such as how an external audit provided the importer with an opportunity to legally avoid the tariff, and how the corporate controller manipulated and represented cost accounting information during the audit," explained Fish. "A thread of accounting ethics was also woven throughout the case as we emphasize the Institute of Management Accountants Statement of Ethical Professional Practice."
View the case here.