Learning Objectives After studying this module you should be able to: Understand the importance of ethics Know the history of ethics in accounting Incorporate ethics into your decision process Know ethical standards for accounting professionals Understand ethical implications of the U.S. transition to IFRS Appreciate lessons learned from recent business scandals SECTION 1 — THE IMPORTANCE OF ETHICS Ethics is an important part of your accounting education and it will play an increasingly important
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1. What is ethics? Ethics‚ also known as moral philosophy‚ is a branch of philosophy that involves systematizing‚ defending and recommending concepts of right and wrong conduct.[1] The term comes from the Greek word ethos‚ which means "character". 2. What is business ethics? Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It
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MAURICE A. MCKOY TRIDENT UNIVERSITY CASE STUDY 2 Case Study Business Ethics In the past there have been several cases in the business environment related to the practices of accountants and auditors who have violated the trust and confidence of public. A number of researches have been conducted to find the potential factors resulting in unethical‚ biased or inappropriate decision making and judgments by the professionals. The aim of this paper is to review two academic articles and conclude
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Ethics is a challenging concept for many businesses‚ both domestic and international. It is not a “one size fits all” idea. While one culture may perceive certain actions as ethical‚ another may not agree. Some cultures incorporate ancient traditions into their “code of conduct” of business. In China‚ the saying of “I scratch your back‚ you scratch mine” is part of their business ethics. In Japan‚ one must be careful when expressing certain idioms or respecting certain cultural norms‚ such as
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corporation’s task environment includes a large number of groups with interest in a business organization’s activities. These groups are referred to as stakeholders because they affect or are affected by the achievement of the firm’s objectives. Ethics Stakeholder analysis is the identification and evaluation of corporate stakeholders. This can be done in a three-step process. The first step in stakeholder analysis is to identify primary stakeholders‚ those who
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Advances In Management ;; Vol. 5 (3) Mar. (2012) Aspects of International Business Ethics Mahoney James F. Managing Director‚ The Paragon Group. Managing Director‚ 2476 N Beechwood Ave‚ Rialto‚ California‚ USA theparagongroup@roadrunner.com Abstract This paper is an analytical examination of the ethical problems posed by the practice of international business in light of key ethical philosophies and considering the diversity existing in our world. Special attention is give to the SA 8000
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Ethical Codes The increasing dependences on computers for critical infrastructure essentials for the functioning of a society and its economy has given rise to host of ethical‚ social‚ and legal issues. As software engineers‚ it is a bounden duty to design and build software intended for use by a set of individuals for a specified set of purpose‚ which initiate many issues about consumer’s privacy. Following is the exploration from three constituents. First‚ websites collect consumer’s private
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ANALYSIS OF THE CODE OF PROFESSIONAL CONDUCT AND ETHICS OF IPRA AND CERP IN RELATION WITH THAT OF NIPR ABSTRACT Professional code of conduct and ethics has come to stay with all professions who wish to promote healthy relationship and commitment of its member. These ethics and code of conducts help streamline the activities of members in the performance of their tasks. Public relations practice have over the years become an accepted human endeavour and the application of this code have become important
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rid of it." There are many societies or cultures that still derive their beliefs or laws from Hammurabi’s ancient code. Hammurabi’s Code‚ is the oldest set of laws to be written‚ or set in stone. This code has 282 laws which was written in order to maintain control over society. It focused on the ground rules for moral behavior‚ family life‚ education‚ government‚ and business. The Code of Hammurabi‚ is written as clear as day‚ and just might be one of the most influential pieces of law ever recorded
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English 110 3 October 2012 Code of Honor In the movies‚ when you enter the stereotypical police station‚ you are instantaneously bombarded with the sounds of phones ringing‚ keyboards clacking and numerous people carrying on different conversations. This may seem confusing or if you are a person accustom to the sounds of a busy office‚ it might seem completely normal. These feelings could all change when a snatch of one of the conversations drifts your way. Hearing “No I haven’t turned in
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