Please ensure Javascript is enabled for purposes of website accessibility
November 23, 2022

Partner Ethics – or Lack Thereof

I'm a senior at a top 20 CPA firm, the lower part of the top 20, up for manager next year. I work on roughly half public and half private jobs, all under the umbrella of financial services. All my private jobs are under one manager and all my public jobs are under a different one. There are 4 partners I work with and I have encountered ethics issues after ethics issues with two of the partners. Long story short we have waived on anything from proposing adjustments, to not disclosing obvious going concern issues, knocking a material weakness down to a significant deficiency on a public job because that was the deal the partner made with the client, over valuing assets valued at FMV by an exceptional amount and just a general "let's document around that" kind of attitude. 

With each of these issues that come up I voice my opinions to the partner (probably far more strongly than I should as a senior) going as far as saying this is wrong and not ethical. My managers have never taken a side even though they have been present for each of these "discussions". Partners have admitted I am right but we are still going with their way. 

Has anyone been in this situation? What did you do or what do you recommend? I'm pretty set on leaving and trying to go down the big four road even though that would likely mean I would not get my manager promotion next year, or do I committ career suicide and blow the whistle?

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

Firm That Calls Itself the ‘Construction CPAs’ Did Not Make the List of the Top 50 Construction Accounting Firms

Up until last year, there hadn’t been an actual ranking of the best independent construction accounting firms. But trade magazine Construction Executive is into that sort of thing, I guess. For its latest report, which of course has a pandemic-related theme, Construction Executive used an algorithm that weighed seven factors in descending order of importance […]

TIL: There’s a Ranking of the Top 50 Construction Accounting Firms

The editors at Construction Executive must have been desperate to fill their editorial calendar for 2019 because the trade magazine just came out with its inaugural ranking of the top 50 accounting firms that provide services to construction clients. Here’s all the work Construction Executive did to come up with its first-ever accounting firm listicle: […]