Tonya Latirno is a certified public accountant CPA and

staff
Tonya Latirno is a certified public accountant (CPA) and staff accountant for Kennedy and
Kennedy, a local CPA firm. It had been the policy of the firm to provide a holiday bonus equal to
two weeks' salary to all employees. The firm's new management team announced on November
15 that a bonus equal to only one week's salary would be made available to employees this
year. Tonya thought that this policy was unfair because she and her coworkers planned on the
full two-week bonus. The two-week bonus had been given for 10 straight years, so it seemed as
though the firm had breached an implied commitment. Thus, Tonya decided that she would
make up the lost bonus week by working an extra six hours of overtime per week over the next
five weeks until the end of the year. Kennedy and Kennedy's policy is to pay overtime at 150%
of straight time.Tonya's supervisor was surprised to see overtime being reported, because there
is generally very little additional or unusual client service demands at the end of the calendar
year. However, the overtime was not questioned, because firm employees are on the "honor
system" in reporting their overtime. Discuss whether the firm is acting in an ethical manner by
changing the bonus. Is Tonya behaving in an ethical manner?View Solution: Tonya Latirno is a
certified public accountant CPA and staff
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