gupta) Table of contents S.no | Topic | Page no | 1 | Corporate governance | 5-6 | 2 | Enron – An overview | 7-10 | 3 | Journey from Enron corporationTo Enron creditors recovery corporation | 10-14 | 4 | Enron’s injured parties | 14 | 5 | Lessons to be learnt | 15-16 | 6 | Satyam – An overview | 17-21 | 7 | The Satyam Scandal
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09/09/2013 WHO ARE THEY? Trends‚ Issues & Ethics WHAT DO WE KNOW ABOUT THEIR ETHICAL POSITION? WHAT IS ETHICS? • Ethics may be defined as a set of moral principles that govern one’s course of action. • Ethics and law are a system of conflict resolution. • The law is the minimum behavior standard. MORALITY Everyone has some morality of his or her own ‐ what he or she thinks is right and wrong ‐ and it sometimes happens that people who others see as bad do not see
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CLINICAL ETHICS CLINICAL ETHICS Ethical issues concerning the relationships between medical practitioners and the pharmaceutical industry Paul A Komesaroff and Ian H Kerridge RELATIONSHIPS INVOLVING medical practitioners and the pharmaceutical industry raise serious concerns and The Medical Journal of the medical profession and the controversy within bothAustralia ISSN: 0025-729X 4 February 2002 176 2 118-121 broader community.1‚2 Within the profession itself views differ sharply‚ from the
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Rogers‚ Arkansas at the age of 44 (1962). By 1967‚ the family owned 24 stores and brought in $12.7 million in sales. Wal-Mart became a household name in the year of 1969 when the company was officially incorporated as Wal-Mart Stores‚ Inc. By the 1980’s‚ over 21‚000 associates were employed with 276 stores. In 1988‚ the first Wal-Mart Supercenter opened in Washington‚ Missouri. The supercenter provided customers with the ultimate shopping experience because it combined general merchandise and a full-scale
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Introduction Ethics in accounting and financial decision making is important in today ’s business world. Many organizations put emphasis on ethics and the financial decision making process with the organization and expect that auditors‚ managers and accountants will behave in an ethical manner. There are many factors that inspire organizations to assure and push ethical policies. In the last seven years‚ the world has witnessed stunning financial collapse in many companies that were ranked among
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4.1 Enron Corporation and Anderson‚ LLP ----Analyzing the fall of two Giants This case results in the publishing of Sarbanes-Oxley Act of 2002 and relevant to the Securities and Exchange Commission. Also‚ it is related to SAS 103: Auditing‚ Quality Control‚ and Independence Standards and Rules. [1] What were the business risk Enron faced‚ and how did those risks increase the likelihood if material misstatements in Enron’s financial statements? The business risks Enron faced are as following:
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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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Ethics in Leadership Ethics‚ as defined by Richard daft‚ is “the code of principles and values that governs the behavior of a person or group with respect to what is right or wrong” (Daft‚ 2011‚ p.445). Ethics play the most important role in any business‚ and are the key to its success. Every company expects a standard pattern of behavior from their employees on some common grounds. In order to define ethics in leadership‚ we must first define leadership. Leadership is defined as “an influence
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Understanding‚ acceptance‚ and application of ethics are important to individuals and groups for several reasons. Ethics are our basic beliefs‚ and they come into play constantly. Many times we are using our personal Ethics and we are not even aware of it. Acceptance of ethics is important to individuals and groups because it allows for constructive criticism‚ and it helps avoid and resolve conflicts. In groups it is very important for ethics to be accepted because it will give a common ground
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