ACCOUNTING MINICASE: ACCT – 17 TEACHING NOTES BUSINESS ETHICS PROGRAM Ignore the Error? Teaching Notes What Are the Relevant Facts? 1. Kelsey‚ the audit senior‚ knows a material cutoff error exists in Compo’s financial statements. 2. Compo‚ a major client of the CPA firm‚ does not want to make an adjustment for the cutoff error. 3. 4. What Are the Ethics of the Alternatives? • Contrary to the firm’s policy‚ Bruce‚ the audit manager‚ has asked Kelsey not to document the cutoff error. What
Premium Business ethics Ethics All rights reserved
below it; this is not a requirement‚ just a suggestion. Otherwise‚ please follow the instructions/format suggestions in parenthesis after each question. This is intended to be an INDIVIDUAL exercise in knowledge and understanding of the law and business ethics‚ please do not discuss the exam with your classmates. You are permitted to use outside material‚ however‚ you can receive full credit by using only the material from the book and class. *If I give you a legal conclusion‚ do not debate it and create
Premium Ethics Business ethics
A business is not one that lives in isolation; it can be an integral part in a community’s success or demise and has social responsibilities to; the community‚ stakeholders‚ and anyone who may be affected by a company’s actions. Corporate social responsibility is a term that is never used lightly and is a key role in the development of a successful and morally healthy business. “The objectives of a corporation are to outperform its competitors‚ presumably through preferred competitive strategies”
Premium
executives. Proper system of internal controls and corporate governance were never in place. “In addition to a culture of anything goes accounting‚ Ebbers was strongly against producing a corporate code of ethics. According to the SEC report‚ Ebbers described efforts to produce a corporate ethics code as a colossal waste of time.”2 Fraudulent behavior at WorldCom was wide-spread because its culture established what is appropriate and expected behavior. Culture comes from what “top management says
Premium Ethics Corporate governance Fraud
Business Ethics Case Study #1 Starbucks Starbucks is a business that has been around since 1971 serving a various amount of coffee for people all around the United States. This business started in the city of Seattle with getting port of coffee from around the world. Today they are international business getting in approximately $11 billion dollars a year. With this being said Starbucks is a very high pace‚ high traffic environment with all the stores giving a home feel to them so when you order
Premium Employee benefit Fried chicken Corporate social responsibility
possibly help me get a higher positioned job in the future. For myself‚ if I know telling Stewart is unethical and I still do it‚ I am going against my own moral values. By doing so‚ I am complying with Albert Carr’s way of thinking about business and personal ethics being separate. I would be complying with Carr’s thinking because I would be following Baconivic’s orders even though it goes against my own values. If I don’t listen to Baconivic‚ I could risk losing my job at the company. By doing so
Premium Ethics Business ethics Morality
its stakeholders of the business operating ethically. For task 2 D1‚ I have been asked by using example‚ to evaluate the effects (consequences) of M&S ethical behaviour on stakeholders and the business. M&S does the right thing for their shareholders‚ customers‚ suppliers‚ colleagues‚ environment and their local communities. Their ethics outlines the behaviour that it holds as a business and conduct the organisation with the highest standards of honesty. The ethics code of M&S describes
Premium Ethics Business ethics
This paper about Monsanto Corporations Business Ethics Thesis Statement I will outline some of the ethical issues Monsanto Corporation has faced‚ I will focus on the predatory litigation of farmers that have been contaminated by Monsanto’s Genetically Modified seed and then sued for using that seed to plant subsequent crops. I will provide examples and citations of what I feel are unethical practices and cases involving Monsanto. Introduction “The Justice Department is investigating whether
Premium Genetically modified organism Genetically modified food Agriculture
to garner more support in communities with stakeholders‚ as well as realizing that the global business world is more socially and environmentally responsible as a whole; they need to get with the program or be left behind. I still believe all of these measures are for the sole benefit for Wal-Mart to attempt to change public opinion of them‚ and not due to any real desire on their part to change their ethic culture. Even as they make changes that seem to be socially responsible and ethical‚ they are
Premium Sam Walton Wal-Mart Change
CHAPTER 1 – Understanding Ethics LESSON OVERVIEW The purpose of this lesson is to introduce the student to ethics. You will give students a basic understanding of ethics and show where employees face the dilemma of balancing their own moral standards with those of the company they work for and the supervisor or manager to whom they report to on a daily basis. CHAPTER OUTLINE The textbook outlines the chapter with the following seven headings. As an instructor‚ you can use the headings to focus
Premium Ethics