have unbiased reports is one of the ethical issues that could have been solved by the companies themselves. Auditor independence is another activity that could have been handled voluntarily. According to Jennings (2012) the SOX established code of ethics for public accounting firms. Some of the services that accounting companies that audit public companies are prohibited to do are; provide bookkeeping services for the same public companies that they are auditing‚ appraisal and valuation services
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EXTRA-MURAL STUDIES MASTERS IN PROJECT PLANNING AND MANAGEMENT LDP 601: FUNDAMENTALS OF MANAGEMENT PRESENTED BY: GROUP 1 SUBMITTED TO: PROFESSOR HARRIET JEPCHUMBA KIDOMBO DATE OF SUBMISSION: APRIL 15‚ 2014 Question: Examine the concept of ethics and illustrate with a case study how it has been institutionalized in an organization Group 1 Members No Name Registration No. 1. Michael Ngumbu Nguri L50/71712/2014 2. Anne Wanjiku Waititu L50/71437/2014 3. Virginia
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The term "moral behavior" is applied in evaluating the personal conduct of a citizen and is judged in comparison to society ’s norms. The term "ethical behavior" is applied to that citizen ’s conduct in professional matters and is judged in comparison to the standards of the profession‚ which are formally expressed in statements called codes of ethics . Distinguishing between moral and ethical behavior is necessary because people have a wider array of value obligations when functioning as professionals
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Most of us would agree that it is ethics in practice that makes sense; just having it carefully drafted and redrafted in books may not serve the purpose. Of course all of us want businesses to be fair‚ clean and beneficial to the society. For that to happen‚ organizations need to abide by ethics or rule of law‚ engage themselves in fair practices and competition; all of which will benefit the consumer‚ the society and organization. Primarily it is the individual‚ the consumer‚ the employee or the
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Our case this module‚ one of virtue ethics‚ brings us to a systematic overhaul of one of the largest toy making companies in the world in Mattel. The overhaul took place during almost the entire first decade of the second century. The over haul was in compliance with the Global Manufacturing Principles (GMP). This is an amazing case that I feel is similar to inflicting pain on yourself in order to get used to pain therefore a stronger and better person. The thing that I do not understand is that
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References: 1. The Responsibility and Accountability of CEOs: The Last Interview with Ken Lay Journal of Business Ethics _ Springer 2010 DOI 10.1007/s10551-010-0675-y O. C. Ferrell Linda Ferrell 2. The critical role of ethics: recent history has shown that when individual ethics are compromised‚ corporate ethics fail and financial disaster is not far behind by Marianne M. Jennings http://findarticles.com/p/articles/mi_m4153/is_6_60/ai_111737942 3. Enron And Arthur
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Ethics and Compliance Fin/370 March 18‚ 2013 Ethics and Compliance Ethics is important for any corporation to succeed. Walt Disney Company is no exception. The Disney Company started October 16‚ 1923‚ as The Disney Brothers Studio (The Walt Disney Company‚ n.d.). This was before the Sarbanes-Oxley Act‚ or SOX Act‚ was in existence. The Securities and Exchange Commission (SEC) is the one to implement rulings to comply with the laws. In 2011‚ Disney started a cruise line and broke ground on
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ENGINEERING ETHICS http://ethics.tamu.edu/ethics/giftgive/giftgiv1.htm Accepting Gifts And Amenities Department of Philosophy and Department of Mechanical Engineering Texas A&M University NSF Grant Number DIR-9012252 Accepting Gifts And Amenities Instructor ’s Guide Introduction To The Case One of the most challenging and interesting areas of moral reasoning involves deciding where to draw the line between permissible and impermissible actions. Even if we know that some actions
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Business Ethics Ethics is a branch of philosophy that inquires into the nature of ultimate value and the standards by which human actions can be judged right or wrong ("ethics‚" Collegiate). Ethics is not primarily concerned with the description of moral systems in societies. That task‚ which remains on the level of description‚ is one for anthropology or sociology. In contrast‚ ethics deals with the justification of moral principles. A Brief History of the Study of Ethics Ethics has been
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Ethics in Nursing Overview According to Aiken (2004) “Ethics is the discipline that deals with rightness and wrongness of actions”. The goal is similar to that of the legal system except that in most cases there is no system of enforcement or ethical penalties. “General ethics is the consideration of the morality of human acts in general”. (Fitzpatrick 2002) In nursing‚ ethical issues arise daily. There are issues such as death‚ dying‚ birth‚ abortion‚ genetics‚ quality of
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