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  • Name: Course and Year: SEM and SY: Subject

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    Leah Mae Nolasco
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    The document is an assignment asking students to discuss General Motors' (GM) 2014 recall of 800,000 Chevrolet Cobalt and Pontiac G5 cars due to a defect in the ignition switch. It notes that the defect was first discovered in 2005 but GM did not recall vehicles until 2014, during which time there were 13 deaths and 54 crashes attributed to the defect. Students are asked to discuss 1) a management accountant's ethical responsibilities in such situations, 2) reasons for the delay in announcing recalls, and 3) the effect of the delay on GM's brand value.

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    Assignment-003

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    The document is an assignment asking students to discuss General Motors' (GM) 2014 recall of 800,000 Chevrolet Cobalt and Pontiac G5 cars due to a defect in the ignition switch. It notes that the defect was first discovered in 2005 but GM did not recall vehicles until 2014, during which time there were 13 deaths and 54 crashes attributed to the defect. Students are asked to discuss 1) a management accountant's ethical responsibilities in such situations, 2) reasons for the delay in announcing recalls, and 3) the effect of the delay on GM's brand value.

    Copyright:

    © All Rights Reserved
    Scarica in formato DOCX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    7 visualizzazioni1 pagina

    Name: Course and Year: SEM and SY: Subject

    Caricato da

    Leah Mae Nolasco
    The document is an assignment asking students to discuss General Motors' (GM) 2014 recall of 800,000 Chevrolet Cobalt and Pontiac G5 cars due to a defect in the ignition switch. It notes that the defect was first discovered in 2005 but GM did not recall vehicles until 2014, during which time there were 13 deaths and 54 crashes attributed to the defect. Students are asked to discuss 1) a management accountant's ethical responsibilities in such situations, 2) reasons for the delay in announcing recalls, and 3) the effect of the delay on GM's brand value.

    Copyright:

    © All Rights Reserved
    Scarica in formato DOCX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
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    Name:

    Course and year:


    SEM and SY:
    SUBJECT:

    ASSIGNMENT NO. SY2020-2021-003


    INSTRUCTIONS

    In February 2014, General Motors (GM) announced a defect in the ignition switches in the Chevrolet
    Cobalt and the Pontiac G5 and recalled 800,000 cars for repair of the switch. Since then, several million
    additional GM vehicles have been recalled for the same problem. The defect in the ignition switch was
    first discovered in 2005 and some switches were redesigned for new vehicles, but autos were not recalled
    until February 2014. During this time, there were 13 deaths and 54 crashes attributed to the defect. There
    has been much speculation and congressional testimony about the delay of almost 10 years from the time
    the defect was first discovered until the 2014 announcement. Required

    1. What is the management accountant’s responsibility under the IMA Statement of Ethical
    Professional Practice in situations like this?
    2. Why do you suppose there was such a delay in the announcement of recalls?
    3. What would be the effect of the delay on the value of the GM brand?

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