Use the AICPA Code of Professional Conduct and Josephson’s Six Pillars of Character to evaluate the ethics of the alternative courses of action.

ACME Corporation is a private corporation with big hopes for the future. Brent Barker, CEO for the company, decided to pursue a small business loan with a local bank after finding out that they couldn’t get venture capitalists on board to help. The venture capital firm decided not to provide financing that ACME needs to launch a new project.The company hired an audit firm to conduct an audit of its financial statements for the application with the bank for a loan. The auditors became aware of an unrecorded liability of $2 million dollars. Brent pressured the auditor to delay recording the expenses until after the loan is secured. The auditors do not know whether the bank is aware of all the facts. Identify the stakeholders in this case. What alternatives are available to the auditors? Use the AICPA Code of Professional Conduct and Josephson’s Six Pillars of Character to evaluate the ethics of the alternative courses of action.