Bribery happens all around the world and is a serious issue concerning business ethics. Accountants are hired by firms to inspect financial profiles for their clients. However, the clients themselves may bribe (or be blackmailed by) the accountants to overlook a couple of figures. The related business ethics come into question to whether or not you should take the bribe. Of course the obvious answer is no, but, if you knew that absolutely no one were to find out you accepted the bribe. Would you do it?
Summary: In Mumbai, the Central Bureau of Investigation arrested a Commissioner of Income Tax and a Chartered Accountant for accepting a bribe. The commissioner of Income Taxes harassed and refused to clear the firm’s files. The commissioner directed the firm to pay the Charted Accountant. Both were arrested during a transaction.\