...Excello Telecommunications Ethical Obligations Jonathan Carpenter ETH/376 November-3, 2014 Susan Paris Excello Telecommunications Ethical Obligations Up until just recently, Excello Telecommunications has been a very successful business that has never had to worry about unethical implications until competitors took away from the income that was expected to be reported for the end of the fiscal period. The failure to reach the expected estimates for the year has the company leaders worried about investor confidence, stock prices and the yearly bonuses for management. Being back into a corner, the companies CFO, Terry Reed, has decided to book the 1.2 million in sales regardless of the laws and requirements provided by GAAP, SOX, and The AICPA Professional Code of Conduct. If Terry Reed does not comply with all laws and requirements of these accounting authorities, the company could face large enough penalties that will shut down the business for good such as Enron and WorldCom. 2001 marks a big year for corporate fraud which in turn forced the birth of the Sarbanes-Oxley Act of 2002 (SOX). The biggest known scandals of this time were WorldCom, Enron and Tyco. The main purpose of SOX is to force corporate leaders to provide factual documentation based on the sales and expenses of any given company. Excello’s CFO, Terry Reed, has thought of a couple different ways to report the 1.2 million in sales, however, his ideas do not comply with SOX. Reed wants to report a sales transaction...
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...A Code of Ethics Nathan Johnson CRJ306 : Criminal Law & Procedure Instructor: Justin Lawrence July 09, 2015 A Code of Ethics A base principle of a functioning society is the existence of a code of ethics. The ethics within a community govern the appropriate actions and values for its members. The correct conduct is conformity to the supported ethical behavior chosen by the leaders of the populace. Without the rules for acceptable behavior, a community becomes susceptible to harsh conditions and mayhem. The laws of ethics are responsible for the founding of the criminal justice system. It is noting the difference between right and wrong, and enforcing the behaviors deemed acceptable, while penalizing those that are offensive. Ethics within the criminal justice system allows societies to finely draw and define the line between good and evil, for the best of the community. Ethics aid tin the application of the criminal justice process. It provides guidance through the criminal procedure in accordance with societal norms. It is more than just the relationship between a community and their law enforcement, because in actuality it defines the morality of intentions, along with a just punishment for violators. Though ethics are a tool used by the criminal justice system to keep order, they are also what control the interactions between a community and its law enforcement. When societal ethics and these interactional ethics are mutually agreed upon, this makes way for cooperative...
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...confidentiality and inform the potential victim and or the police of the thoughts of your client. This may be a tough thing for some of us to do because of the ethical responsibilities we have with our clients but now this is a part of our legal responsibilities to protect the welfare of the society by having the duty to protect individuals who are bing threatened with bodily harm by a client naming it “duty to warn and duty to protect” (in the previous ruling it was only known as “duty to warn”. This is also known as a “Tarasoff warning” in place, meaning where a mental health professional is required to warn of a credible danger to a reasonably identifiable victim. Duty to protect includes clients that may be suicidal. Human services code of ethics entitles us as professionals to let the client know before our sessions began that we have a limits to our confidentiality. It also provides ethical standards to which the general public can hold the social work profession accountable due to the fact that the professionals in the case could have possibly prevented the sad incident from happening. Sometimes an issue may arise when social workers’ ethical obligations conflict with agency...
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...AICPA Code of Professional Conduct Katie Bradbury University of Phoenix ETH/376 The AICPA is the world’s largest association to signify accountants. Founded in 1887 the AICPA is formed out of 350,000 members in 128 different countries. Upon the establishment of the ACIPA, its creation of accountancy as a profession well-known for educational requirements, high professional standers and a strict code of professional ethics. The AICPA is considered to be the foundation of ethical reasoning in accounting because it covers everything from independence to due diligence. The Code of Conduct is basically, a guideline for every CPA and accountant to follow in there career. There are several purposes to the Code of Professional Conduct but three purposes I feel are the most important. I believe after reading the AICPA Code of Professional Conduct the three most important purposes are to protect the investor, to protect the creditor and to protect the employee. The AICPA’s mission is to provide members with the resources, information, and leadership that will enable them to provide valuable services in the highest standards to benefit the public, employers and clients. I feel protecting the investor, protecting the creditor, and protecting the employee are the most important because these are key people that make the company what it is. I feel this is done by responsibilities, the public interest and integrity. Professional CPA’s have responsibilities to protect all those who...
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...PSE 402 Leadership and Ethics By Craig Tomlinson 2 C.F.F.T.S, Dept of National Defense 25 March, 2011 Assignment # 2 When we try to define ethical decision, we usually associate it with one’s perspective or type of decision-making that affects the situation at hand. We usually associate ethical or moral decision based on how it influences the emotional or personal well being of individual(s). Rarely do we associate ethical and moral decisions that affect the physical well being of the individual(s) or potentially the ending of ones life. This example of a C.O.B. authorizing the closing the hatch on 3 individuals challenges our type of ethical and moral decision making from several different perspectives. We will try and illustrate several different reasoning’s to how and why morally, one would decide to close the hatch knowing that it will cost three people their lives Jones’ Model of Moral Intensity is divided into 6 different categories that could potentially influence my ability in making a moral decision. 1) Magnitude of Consequences: The sum of the harms (benefits) done to victims (or beneficiaries) of the moral act in question. 2) Social Consensus: The degree of social agreement that a proposed act is evil or good. 3) Probability of Effect: The probability that the act in question will actually take place and the act in question will actually cause the harm or benefit predicted. 4) Temporal Immediacy: The length of time between the present...
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...THE PRINCIPLES OF MORALS. In his autobiography, Hume writes:— "In the same year [1752] was published at London my Inquiry Concerning the Principles of Morals; which in my own opinion (who ought not to judge on that subject) is of all my writings, historical, philosophical, and literary, incomparably the best. It came unnoticed and unobserved into the world." It may commonly be noticed that the relative value which an author ascribes to his own works rarely agrees with the estimate formed of them by his readers; who criticise the products, without either the power or the wish to take into account the pains which they may have cost the producer. Moreover, the clear and dispassionate common sense of the Inquiry concerning the Principles of Morals may have tasted flat after the highly-seasoned Inquiry concerning the Human Understanding. Whether the public like to be deceived, or not, may be open to question; but it is beyond a doubt that they love to be shocked in a pleasant and mannerly way. Now Hume's speculations on moral questions are not so remote from those of respectable professors, like Hutcheson, or saintly prelates, such as Butler, as to present any striking[Pg 198] novelty. And they support the cause of righteousness in a cool, reasonable, indeed slightly patronising fashion, eminently in harmony with the mind of the eighteenth century; which admired virtue very much, if she would only avoid the rigour which the age called fanaticism, and the fervour which it called...
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...000 – Computer science, information, and general works • 000 Generalities • 001 Knowledge • 002 The book • 003 Systems • 004 Data processing and Computer science • 005 Computer programming, programs, data • 006 Special computer methods • 007 Not assigned or no longer used • 008 Not assigned or no longer used • 009 Not assigned or no longer used • 010 Bibliography • 011 Bibliographies • 012 Bibliographies of individuals • 013 Bibliographies of works by specific classes of authors • 014 Bibliographies of anonymous and pseudonymous works • 015 Bibliographies of works from specific places • 016 Bibliographies of works from specific subjects • 017 General subject catalogs • 018 Catalogs arranged by author & date • 019 Dictionary catalogs • 020 Library & information sciences • 021 Library relationships • 022 Administration of the physical plant • 023 Personnel administration • 024 Not assigned or no longer used • 025 Library operations • 026 Libraries for specific subjects • 027 General libraries • 028 Reading, use of other information media • 029 Not assigned or no longer used • 030 General encyclopedic works • 031 General encyclopedic works -- American • 032 General encyclopedic works in English • 033 General encyclopedic works in other Germanic languages • 034 General encyclopedic works in French, Provencal...
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...Running head: CORPORATE CULTURE AND ITS ROLE IN THE DOWNFALL Corporate Culture and its Role in the Downfall Of Arthur Anderson LLC and Sunbeam Corporation Darrell V. Davis Grand Canyon University Bus 604 Business Ethics July 5, 2009 Abstract Corporate culture plays an extremely important role in the development of a company. Whether explicitly stated or not, the culture of a company reveals its attitude, motivation, and intentions. Arthur Andersen’s and Sunbeam’s cultures revealed that they were on the hunt for huge profits at the expense of independence and sound financial reporting, respectively. They instituted accounting practices that they knew pushed the envelope of, if not legality, acceptability. In fact, they were bedfellows in Sunbeams accounting methods. With each of the company’s histories, they had the resources to make better decisions regarding their actions. Yet, it appears they ignored their responsibility to the public in order to garner the highest gain. Arthur Andersen LLP Arthur Andersen LLP, with its ninety year history, for a long while stood as one of the most well respected, influential, high-earning, and ethical accounting firms in the world. Yet, with the rise of its consulting services, several apparent oversights, the demise of a number of its clients, and questions of the firms relationships with clients; the company came under attack from investors of its clients, regulators, and courts. Without a valid...
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...ETHICS IN INFORMATION TECHNOLOGY Third Edition This page intentionally left blank ETHICS IN INFORMATION TECHNOLOGY Third Edition George W. Reynolds Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States Ethics in Information Technology, Third Edition by George W. Reynolds VP/Editorial Director: Jack Calhoun Publisher: Joe Sabatino Senior Acquisitions Editor: Charles McCormick Jr. Senior Product Manager: Kate Hennessy Mason Development Editor: Mary Pat Shaffer Editorial Assistant: Nora Heink Marketing Manager: Bryant Chrzan Marketing Coordinator: Suellen Ruttkay Content Product Manager: Jennifer Feltri Senior Art Director: Stacy Jenkins Shirley Cover Designer: Itzhack Shelomi Cover Image: iStock Images Technology Project Manager: Chris Valentine Manufacturing Coordinator: Julio Esperas Copyeditor: Green Pen Quality Assurance Proofreader: Suzanne Huizenga Indexer: Alexandra Nickerson Composition: Pre-Press PMG © 2010 Course Technology, Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be reproduced, transmitted, stored or used in any form or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, Web distribution, information networks, or information storage and retrieval systems, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission...
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...Ethics in Business Institutions Name Students Name Ethics characterizes the standards of behavior perceived in appreciation to a particular class of human activities or a specific gathering, society. Ethics describes the rules or propensities concerning right or wrong deed. It characterizes how things ought to function as indicated by people's beliefs and standards. I trust that Feuerstein was guided all the more morally, additionally guided by his particular ethics. As suggested by the video, the questioner had gotten some information about how his religion (Judaism) influences his values and Feuerstein reacts that he utilizes the Torah for direction. That being the situation, Feuerstein is more guided by morals because an external benchmarks, for example, religion. Be that as it may, he genuinely trusts that he made the best decision by paying his laborers an aggregate of 25 million dollars while the manufacturing plant was under repair. Ethics may likewise be affected by society or culture. However, they are close to home standards made and maintained by the people (Seeger & Ulmer, 2001). On the off chance that Malden was a public limited company, I trust Feuerstein would have settled on the same choice at last, yet with the irate stockholders on his back. In public listed companies, CEOs has a duty of maximizing shareholders wealth however most directors realize that amplifying shareholder esteem does not imply that they are allowed to disregard the bigger interests...
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...NIKE From Sweatshops to Leadership HRM 522 June 12, 2011 Global businesses can sometimes be difficult due to the different cultures. Not all cultures carry the same value, law and ethical standard. Nike is an international brand that has many retail accounts in over 160 countries. Being an international company can cause business ethical and legal issues. Integrity is important and sometimes a challenge when a corporation must respond to criticism or hold back on certain company details. Nike dealt with criticism from right activist, media, and face labor rights violations. However, over a period of time and after making some important adjustments; Nike is working on improving its company image. Nike used traditional advertising methods to broadcast its product. Nike public relations tactics dealt with the wage policy, visiting campuses on universities, personal letters, corporate responsibility and using celebrities as spoke person for its product. Nike launch campaigns regarding child labor, low and non- existent wages. Nike believes that the U.S dollars were meaningless because the cost of living was different in other countries. Nike held press conferences for newspaper staff at colleges. These were ways for Nike to make proactive efforts to address the concerns of activists protesting against their products. Nike made a few mistakes in handling the negative publicity. Three...
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...AICPA May 26, 2014 ETH/376 According to Ethical Obligations and Decision Making in Accounting, The America Institute of CPAs (AICPA) is an association made of up volunteer CPAs. Their main objective to ensure that CPAs continue to conduct their business in an ethical manner. The values described in the Code of Professional Conduct are based on common principles and virtues and designed to guide CPAs in a positive light and maintain professionalism with the public in the accounting world. The Principles described are: Responsibilities, Public’s Interest, Integrity, Objectivity, Independence, Due Care, Scope and Nature of Services (Mintz&Morris, 2011). I believe that the three most important principles are: Integrity, Public’s Interest, and Due Care. Integrity would be the most important to me. Dictionary.com states that integrity means, “Adherence to moral and ethical principles; soundness of moral character; honesty.”(Howe,2010). It is important that CPAs are honest with their work and with the public, and are able to say when they make mistakes as well. Accounting Ethics and Integrity Standards states that businesses, investors, and creditors need to be able to trust the financial records of a company; if there is false reporting then investors could be victims of fraud and could potentially lose large amounts of money. The same would go for creditors, they might never get their money back (Media&Petryni, 2014). Public Interest would be the second most important...
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...Ethics of Rerouted Accounting Steven J. McQueen Jr. ETH/376 November-24, 2104 Sylvia Baughey Ethics of Rerouted Accounting Excello Telecommunications had pitfalls in the year of 2010, this is clear by the fear exuded by their CFO, Terry Reed. The fear of earnings estimates wouldn’t be met amplified by the consequences of this circumstance compelled Mr. Reed to look for a way out. The effect on bonuses, stock options, and even the share prices of Excello made Mr. Reed emulate behavior outside the scope of ethical behavior and he subsequently enrolled the help of subordinates in such a way that violated conduct protocol. The sale of $1.2 million of equipment may have seemed irrelevant until Mr. Reed began his quest to have that amount recorded in 2010 instead of the date the equipment would actually change ownership. A summary of Section 302 of the Sarbanes-Oxley Act reads “The report does not contain any material untrue statements or material omission or be considered misleading…” (SARBANES-OXLEY ACT OF 2002, 2006) As CFO, Mr. Reed’s thought process of re-directing the transaction’s entry to reflect in 2010 to increase numbers for his earnings statements is simply that, misleading. Section 401 of the Sarbanes-Oxley Act reads “Financial statements [that] are published by issuers are required to be accurate and presented in a manner that does not contain incorrect statements or admit to [the] state material information.” (SARBANES-OXLEY ACT OF 2002, 2006) These two statements...
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...Is Sales-Ethics an Oxymoron? Globalization highlighted the ethical issues and concerns for every individual organization, multinational organizational conduct their operations under ethical code of conduct to confine the issues faced by unethical conducts. Many organizations such as pharmaceutical firms, technological firms and financial firms pay more attentions to ethical behavior to ensure the sales to consumers have been impeccably ethical. However managers pay attention to behavioral ethical conducts that ensure the professional attitude of sales force towards consumers/customers (Chen & Tang, 2006, 69). Recent unethical conducts by Enron and WorldCom highlighted the attention for sales and ethical behavior, because unethical conduct and sales ethics can ruin the whole organization wide reputation (McDevitt et al, 2007, 73). Business ethics is counter stone for doing business in industry that however considered by every single organization, which eventually encourages every single business entity to develop the organization’s processes based on ethical conducts. Business ethics and sales ethics both entails the same meaning because ultimately salesperson engages in the business activity to generate profits for business, but on contrary “business ethics” and “sales ethics” have no contradiction in associations. Sales ethics on the other hand have some stereotype meaning because business and sales people are not always ethical; leaving us with a dilemma that indicates...
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...Legality and Ethicality of Corporate Governance ETH/376 Legality and Ethicality of Corporate Governance United Thermostatic Controls, a publicly owned company, like many other companies in the world faced financial difficulties in 2010. The company set sales goals in the different regions they serve for 2010; most of the regions met or exceeded their goals although one region was below the target. The director, Frank Campbell, of the region with below target sales thought of an idea to meet the goals. The CPA, Tony Cupertino, was informed of the idea and the effects to the organization. Could the decision cause ethical or legal effects for the organization? Further review of the decision was needed to ensure SOX was followed and to determine if the decision would be equitable for stakeholders. Many people think accounting decisions are always clear based on laws and regulations; however, organizations need to be mindful of effects for everyone involved in the organization. In the United States there is no formal report for corporate governance; however, companies must disclose, and adapt corporate governance guidelines. The CEO of each organization must acknowledge the acceptance of the guidelines and comply with them (Mintz & Morris, 2011). After the Enron case New York CPA candidates must met ethics requirement criteria (Mintz & Morris, 2011). In this respect it is important for United Thermostatic Controls to separate ownership and control in the organization...
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