Rittenberg 8th edition: Q 2-45 (pages 66 and 67) 2-45 (Audit Committees and Auditor Independence‚ LO 4‚ 5‚ 6) The audit committee is required to evaluate the independence of both the internal and external audit functions. Required a. What factors would you suggest an audit committee look at in evaluating the external auditor’s independence? b. How can the audit committee influence the independence of the internal audit function? c. The audit committee must pre-approve all nonaudit services
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Ethical leadership is the process of influencing employees through standards‚ philosophies and beliefs that are based on established standards in the organizational behavior ( Hasan‚ 2013; Buble‚ 2012). Additionally‚ it holds the responsibility of dealing conflict of followers by directing them right (Frank‚ 2002: Hesselbein & Goldsmith‚ 2006). Contrastingly‚ Cumbo (2009) focuses on leader when defining ethical leadership thus consider a leader ethical when inner virtues direct the leader’s decision
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Law and Ethics essay For the purpose of this assignment I will look at the legal and ethical aspects involved in the following scenario and this will be discussed. I will take into consideration both the deontological and consequentialism theory. Laws relevant to this scenario will be looked at. Scenario To maintain confidentiality the name of the patient has been changed. The patient D is 60 years old male who had kidney cancer he had been admitted to the hospital for further treatment. On
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Ethical Theories Sheri Wernert BUS 670: Legal Environment Professor Gentry December 19‚ 2010 Ethical Theories In every day life a person is bound to have ethical issues that must be decided. This is also true for the business world. With cases evolving each day of unethical companies such as Enron ethics is now being viewed as an important part of training for many companies. Which ethical theory to follow depends on the individual and there are many theories to be considered. How
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role of ethical theories in ethical reasoning and behavior within organizations - Research proposal Sigalit Pasternak‚ Phd student The Faculty of Management Tel Aviv University Supervisor: Dr. Ishak Saporta Introduction Business ethics is a specialized branch of ethics focusing on how moral standards apply to business organizations and behavior (Velasques‚ 1998). As such‚ it cannot be understood separately from the general ideas of ethics‚ and the general ethical theories apply to business ethics
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Axia College Material Appendix B Ethical Theories Chart Complete the chart below using information from the weekly readings and additional research if necessary. Ethical Theory | Utilitarianism | Deontological | Virtue ethics | Definition | Moral decisions require taking full advantage of the benefits as well as minimizing the damage to society. (Trevino & Nelson‚ 2007) | Somebody who concentrates on carrying out what is “right” consistent with their own ethics as well as ideals. (Trevino
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Traditional Ethical Theories Consequentialist (teleological) Non- Consequentialist (deontological) - Act in the way that brings about the best consequences - Concentrate on the act being perform Egoism (outcome: desirability) Kant (ethics of duties) Nature: Nature: act accordingly to self-interest based on desires free (Adam Smith) Example: Correct if morals actors think it is correct (rational/logical/reasonable) not depends on situations Categorical imperative- right
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NORMATIVE ETHICAL THEORIES Objective • Discuss the normative ethical theories L2: Normative Ethical Theories Beliefs about how people should behave can be classified into at least 2 major categories: Teleological theories (Consequentialism) Right actions are those that produce the most or optimize the consequences of one’s choices. Behaviour is ‘ethical’ if it results in desirable behaviour 1. 2. 3. 4. Ethical egoism Ethical elitism Ethical parochialism Ethical universalism Deontological theories
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present some clear ethical issues. First‚ looking at Aristotle’s principle of “virtue ethics‚” it must be determined whether the actions made by J.C. Penny are just‚ or fair‚ to their customers. Clearly‚ it is unfair for a company to deceive their customers into believing they received better deals then they actually did‚ and based on that analysis‚ Aristotle would have most definitely concluded the behavior of J.C. Penny to be unethical. Further‚ considering Immanuel Kant’s theory of the “categorical
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Comparing Ethical Theories Joseph Spor ETH/316 May 28‚ 2012 Ralph Hutton Comparing Ethical Theories The philosophy of ethics has been studied and debated for many centuries. While there are varying definitions of ethics‚ many who study the topic would agree that ethics can be described two ways. First‚ ethics can be considered to be the standards of right and wrong that outline what a human being ought to and ought not to do. In other words‚ they are the standards that tell us to be honest and
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