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Ethical Perspectives- Cross-Cultural Perspectives

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Ethical perspectives- Cross-cultural perspectives

ETH/316
July 7, 2013

Abstract

The Global Company chose to research is a global organization, PricewaterhouseCoopers, known in the United States as PwC. Ethical perspectives in this global organization and compare the ethical perspectives across cultures that are involved in this global organization will be addressed. This company delivers assistance in quality assurance, advisory services, and tax. The company consists of a network of firms that offer these services. This network thrives on helping large and small companies to reach independent strength by showing in many ways how to survive form business to cultural and ethical diversity. This network of firms also has established a vigorous global network and their core value, and the one shared with their clients, is of excellence, teamwork, and leadership.

Ethical perspectives- Cross-cultural perspectives
The Global Company chose to research is a global organization, PricewaterhouseCoopers, known in the United States as PwC. Ethical perspectives in this global organization and compare the ethical perspectives across cultures that are involved in this global organization will be addressed. This company delivers assistance in quality assurance, advisory services, and tax. The company consists of a network of firms that offer these services. This network thrives on helping large and small companies to reach independent strength by showing in many ways how to survive form business to cultural and ethical diversity. This network of firms also has established a vigorous global network and their core value, and the one shared with their clients, is of excellence, teamwork, and leadership.

Some of the key milestone in the history of both firms is that the company’s history goes back to the 19th century when Samuel Lowell, in 1849, established a business in London and William Cooper established his business in 1854; seven years later they became the Cooper Brothers. Price Waterhouse World Firm was formed in 1982 and the merger of Coopers and Lybrand with Deloitte Haskins & Sells happened in 1990 with a number of countries around the world. In 1998, the forming of the United States portion of PwC took place emerging from the merger of Price Waterhouse and Coopers and Lybrand, whereas, both firms originated in London. In 2002, PricewaterhouseCoopers’ partners approve sale of PricewaterhouseCoopers Consulting to IBM, implemented the Connected Thinking Methodology in 2004, and in 2010 the brand name was shortened to PwC. “PricewaterhouseCoopers” remains the full name of the global organization for legal purposes and will be the name used by PwC firms to sign company audits.
The firm has a reputation for high professional standards and clients were plentiful from the start thanks to the former chief, John Heins. At the turn of the century it was Arthur Lowes Dickenson who made the United States office uniquely American in both outlook and operation, and focused on hiring native talent rather than brings accountants from Britain to serve clients in the United States. After Pricewaterhouse consolidated accounts of U.S. Steel, the method gained industry wide acceptance. Pricewaterhouse set the standard for financial reporting at the beginning of the 20th century after the first financial report for U.S. Steel included supporting statements and time schedules that reflected significant balance sheet accounts.
As a result of being a global organization, ethical issues that PowerwaterhouseCoopers (PwC) must deal with are code of conduct, ethics hotlines, risk management, Canadian independence training, privacy policies, E-learn sessions, anti-money laundering training, and obligations to report under rules of professional conduct. The company supports strong ethical and transparent business practices in all that they do across the world. Along with numerous other initiatives that developed a way, their people show responsible leadership skills. There are ethics and business conduct leaders to oversee the reporting process and all of their people are required to participate in interactive independence training and complete an annual confirmation related to their personal responsibilities.

The social responsibility issues that PwC must deal with as a result of being a global organization is to assist and evaluate challenges and opportunities to build business value, incorporate effective solutions for CR programs, climate change, CR reporting, and chain of supply risk management and reliable management systems. In FY 2012, PwC launched new initiatives to help lead toward their corporate responsibility. The Citizen Compass, an online initiative was designed to provide Canadians to voice their opinions on current issues and events by the PwC’s Public Sector and Government. A new multi-channel program, Upfront™, is a program to bring leading executives together to discuss critical trends impacting the direction of Canadian business, focusing on growth and competitiveness; technology and innovation; business and trust; new dimensions for talent; risk resilience; and the publication aligning well with new Corporate Responsibility. PwC Next Gen Global Study participated in a PwC global study with the University of California and the London Business School to help us better understand how the motivates and values of our people differ across generations. PwC also hosted a workshop in partnership with the Canadian Institute of Mining (CIM) and the Centre for Excellence in Corporate Social Responsibility, which was focused on trends in the extractive industries as it relates to transparency, scarcity and public perception.

To compare and identify ethical perspective in the global organization, PwC is one of the world’s professional services organizations, their ethics and business conduct, as professional advisers, is to help clients solve complex problems and aim to enhance their ability to build value, manage risk and improve performance. They play a significant role in the operation of the world’s capital markets and take pride in the fact their services add value by helping to improve transparency, trust and consistency of business processes. Their code of conduct is based on values to take them to the next level of demonstrating their values are action.
In conclusion, PwC also is considered one of the world’s largest accounting networks that help educational institutions, the federal government, non-profits, and international relief agencies with their business issues. Part of the firm’s Corporate Responsibility Strategy, they are making investment to support youth education to increase proficiency in financial literacy, prepare students to make responsible decisions and contribute to a healthier U.S. economy.
In the United States, PwC concentrates on 16 key industries to provide targeted services to human resources, deals, forensics and consulting services to solve complex issues and identify opportunities. The accomplishments of balance sheets and other financial reports drew attention to accountancy and the role of Public accountants in rapidly developing industrialized economy.
As for their focus on ethics issues, in FY 2012, they achieved a 100% completion of compliance confirmation and for FY 2011, the year before, 99.8%. PwC has mastered the element of making everything work together no matter whom and where they are as with any global organization.

References:

1. PwC history and milestones. Retrieved from - http://www.pwc.com/us/en/about-us/pwc. corporate-history.jhtml.

2. History of PricewaterhouseCoopers-Funding Universe. Retrieved from http://www.funding universe.com/company…/pricewaterhousecoopers-history…

3. Responsible Business and the Marketplace-PwC. Retrieved form http://www.pwc.com/ca/en/corporate-responsibility/marketplace.jhtml

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