Ethics in Accounting • • • • • • • • Systematic body of theory and knowledge Extensive education process for its members Ideal of service to the community High degree of autonomy and independence Code of ethics for its members Distinctive ethos/culture Application of professional judgment Existence of a governing body Attributes of a profession • Service ideal • Market control view The service ideal vs. the market control view Accountants work in: • private companies
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Aristotle and Kant - as ancient to modern ethics on virtue and happiness. The following essay aims to compare Ancient versus Modern theories of ethics‚ particularly those of Aristotle and Immanuel Kant. The central concepts of virtue‚ happiness‚ and the human good are relevant to modern ethics‚ but do not play the same role as they did in Aristotle’s Nicomachean Ethics. The concepts are also relevant to Autonomy “as autonomy is the capacity for self-government. Agents are autonomous if their actions
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ENRON Introduction Enron was the country’s largest trader and marketer for electric and natural gas energy. Its core business was buying energy at a negotiated price and later‚ selling the energy when prices increased. As an energy broker‚ Enron provided a service by allowing producers to negotiate a certain price while Enron took the risk that prices would fall below what it bought energy. Buyers of energy also benefited because Enron could ensure the supply of energy. In 2000 Enron was listed
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Question 1: 1. What are the relevant facts? (10 marks) • Annie‚ a copywriter for Laird and Laird (L&L) Advertising‚ has been assigned to Bud’s Best (BB) bacon account. • Lance Willard is a popular Hollywood movie star‚ has signed 1 year contract with BB bacon for product testimonials (when given by celebrities known as celebrity endorsements). • President of L&L‚ (Victor) explains to Annie that Victor has signed an affidavit swearing that he is a bona fide user of BB bacon. • Although
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What is Business Ethics? "The concept has come to mean various things to various people‚ but generally it ’s coming to know what is right or wrong in the workplace and doing what is right this is in regard to effects of products/services and in relationships with stakeholders" (McNamara‚ 2006). In the past few years with the media highlighting business scandals and organization misconduct‚ a greater emphasis has been placed on organizations to conduct their business in an ethical
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Question 12 1. Introduction Discrimination is commonly defined to be the treatment of‚ or making a distinction in favor of or against a person‚ based on the group‚ class‚ or category to which that person belongs‚ rather than on individual merit. The key issue in this question is: is discrimination against older workers‚ persons with same sex orientation‚ and persons with disabilities in the workplace ethical? To address the ethical issue above‚ it is very important to determine whether the
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Ethics and Governance Module 1 – Accounting and Society Part A: Accounting as a practice 1.04 Roles of accounting 1.04 Accounting as a technical practice 1.04 Traditional Public perception Accounting as a social practice 1.04 Broadening of Accounting Role Measuring performance of Individual Decision making tool Accounting and effective governance 1.06 Case Ex 1.1 – National Library of New Zealand 1.06 Demonstration of accounting Changes Part
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complaints against the products of the group buying websites in Hong Kong .Groupon Hong Kong as the biggest group buying company‚ still being criticized as companies without ethical marketing in Hong Kong. This essay has facilitated the discovery of the ethics of Cadbury’s marketing activities. The discussion is mainly focused on marketing ethical of the products of the Groupon Hong Kong. The products will be analyzed based two ethical values which are responsibility and transparency with according to
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Case 15: McWane: A Dangerous Business 1. Explain the concept of disciplined management. Has it worked at McWane? I would say NO‚ because of all the injuries and deaths of their employees. Here are some ways to become a disciplined project manager per the Project Management Institute I found: - Plan the next work week’s activities a day or two ahead of time - Confirm activities the day before - Conduct daily reviews of what you did or didn’t accomplish - Follow through on your
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Chapter 29: Code of professional conduct * What guidance is provided to help AICPA members follow the Code Of Professional Conduct? Provides general guidance on professional responsibilities‚ the public interest‚ integrity‚ objectivity and independence‚ due care‚ and the scope and nature of services without establishing specific standards. Nevertheless‚ every practitioner should read them. An understanding of the difference between independence and objectivity is important particularly
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