Before deciding right or wrong conduct of a chief accountant let us understand what is interim dividend, role of a chief accountant, his conduct for his benefit and affected social values.
- Interim dividends are dividend payments made before a company’s Annual General Meeting (AGM) and final financial statements. This declared dividend usually accompanies the company’s interim financial statements.
- As a chief accountant of a company he should not disclose confidential information which might be acquired in course of his work during the meeting time and he should not even use such information for his personal gain or gain for others.
- The above case study is concerned with unethical behaviour done by the chief accountant.
- Affected social values are trust, honesty, duty, loyalty and truthfulness.