...DeVry University College of Business and Management Pomona, California Course Project ethics in accounting: Accounting error or fraud? By Rasha Amin R_7419@yahoo.com Submitted in Partial Fulfillment of the Course Requirements for Current Issues in Accounting Acct 525 Professor: Kenneth Shinedling 08/27/2014 Ethics in Accounting: Accounting error or fraud? Introduction: Accounting profession all over the globe has developed its own principal based professional ethics where integrity, objectivity, diligence, loyalty and professional behavior are the five virtues professional accountants should have all the way. Integrity: it means simply, that you have to be honest and straightforward in all professional and business relationships. Objectivity: it is that professional accountant shouldn’t be influenced by others in a way that affects his professional or business judgment or opinion. I.e.:- to avoid any conflict of interest and not to be biased to any party. Diligence (Professional competence and due care): To maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional services based on current developments in practice, legislation, and techniques and act diligently...
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...Corruption in Kenya From Wikipedia, the free encyclopedia Political corruption Flag of Kenya.svg Concepts Bribery Cronyism Kleptocracy Economics of corruption Electoral fraud Legal plunder Nepotism Slush fund Plutocracy Political scandal Corruption by country Europe Albania Armenia Austria Belgium Bosnia Denmark Finland France Germany Croatia Cyprus Czech Republic Georgia Greece Iceland Ireland Italy Kosovo Latvia Lithuania Luxembourg Macedonia Moldova Montenegro Netherlands Poland Portugal Romania Serbia Slovakia Slovenia Spain Sweden Switzerland Ukraine Asia Afghanistan Bahrain Bangladesh Cambodia China India Indonesia Iran Iraq Jordan Kuwait Kyrgyzstan Malaysia Myanmar North Korea Pakistan Philippines Singapore South Korea Sri Lanka Thailand Uzbekistan Vietnam Africa Angola Botswana Cameroon Congo Egypt Equatorial Guinea Ethiopia Ghana Kenya Liberia Mauritius Morocco Nigeria Senegal Somalia South Africa South Sudan Sudan Tanzania Tunisia Uganda Zambia Zimbabwe North America Canada Cuba Haiti Mexico Nicaragua United States South America Argentina Brazil Chile Colombia Paraguay Peru Venezuela Oceania and the Pacific Australia New Zealand Papua New Guinea Transcontinental countries Russia Turkey v t e Political corruption in the post-colonial government of Kenya has had a history which spans the era of the Jomo Kenyatta and Daniel arap Moi's KANU governments to Mwai Kibaki's PNU...
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...Topics Development BGS Is South Africa in danger of an Arab spring? * Could generalize this into something like * What indicators point to a social uprising looming? * Could focus on certain political, social or economic factors in general * And perhaps compare this or look to what lead to the uprisings in other countries What is or should China do about its aging population? * Could do a comparative study with Japan? Other countries. Upliftment of the poor – can SA learn from China? * Are there better countries to learn from? * Do comparative study between different countries What are African countries doing/not doing (strategies, policies) to derive long-term benefit from investment from China * Could generalize this to * How can emerging? countries derive long term benefit foreign investment from developed countries * Could focus on South Africa and China’s relationship * Could look at all countries China works with BGS or ECO How do SWF’s benefit the welfare/growth of a country? * Could focus on UAE’s use of SWF’s * Could compare it to how other countries use it ECO Do leading indicators influence confidence indicator? * Could look at whether the different indicators influence each other? Sentiment which increases leads to better leading which leads to better sentiment etc Something with Behavioural Economics/Finance (COULD BE FINANCE) Germany vs Austria : Organ Donor – Ticking...
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...Case study De Beers- An Ethical Idealism “At De Beers there has always been a clear recognition that, while our primary purpose as a business shapes what it is that we do, it is how we work that defines who we are.” -Nicky Oppenheimer Executive Chairman, De Beers Introduction For generations, diamonds have been marketed as tokens of power and love. For some however, diamonds have a more utilitarian appeal. Easily concealed, immensely valuable and largely untraceable, stones from rebel-held mines have raised billions of dollars on world markets to finance revolution in Angola, Sierra Leone and the Democratic Republic of Congo (DRC). For years these "conflict diamonds" have encourage rebel leaders to arm and equip their armies in violation of UN weapons and financial sanctions. Diamond monopoly De Beers is notable for its monopolistic practices throughout the 20th century, whereby it used its dominant position to control the international diamond market. The company used several techniques to exercise this manipulation over the market: Firstly, it persuade independent producers to join its single channel monopoly, it flooded the market with diamonds similar to those of producers who refused to join the cartel, and lastly, it purchased and stockpiled diamonds produced by other manufacturers in order to price control through supply. In 2000, the De Beers forced to change the model, due to certain unavoidable factors such as the decision by producers in Russia,...
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...Bulletin ISI SCIENCE Aaps Journal ISI SCIENCE Aaps Pharmscitech ISI SCIENCE Aatcc Review ISI SCIENCE Abacus: Journal Of Accounting, Finance And Business Studies IBSS Abacus-A Journal Of Accounting Finance And Business StudiesISI SOC SCIENCE Abdominal Imaging ISI SCIENCE Abhandlungen Aus Dem Mathematischen Seminar Der UniversISI SCIENCE Abstract And Applied Analysis ISI SCIENCE Abstracts Of Papers Of The American Chemical Society ISI SCIENCE Academia-Revista Latinoamericana De Administracion ISI SOC SCIENCE Academic Emergency Medicine ISI SCIENCE Academic Medicine ISI SCIENCE Academic Pediatrics ISI SCIENCE Academic Psychiatry ISI SOC SCIENCE Academic Radiology ISI SCIENCE Academy Of Management Annals ISI SOC SCIENCE Academy Of Management Journal ISI SOC SCIENCE Academy Of Management Journal IBSS Academy Of Management Learning & Education ISI SOC SCIENCE Academy Of Management Perspectives ISI SOC SCIENCE Academy Of Management Perspectives IBSS Academy Of Management Review ISI SOC SCIENCE Academy Of Management Review IBSS Academy Of Marketing Science Review IBSS Acadiensis ISI ARTS & HUMANITIES Acadiensis: Journal Of The History Of The Atlantic Region IBSS Accident Analysis And Prevention ISI SOC SCIENCE Accountability In Research-Policies And Quality Assurance ISI SCIENCE Accounting And Business Research ISI SOC SCIENCE Accounting And Business Research IBSS Accounting And Finance ISI SOC SCIENCE Accounting Horizons ISI SOC SCIENCE Accounting Horizons IBSS...
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... Today's economy is far more global as it used to be… In the 1960’s for example, the United States of America did not have any sibilance of a relationship of any kind with nations like The People’s Republic of China, and The Soviet Union. In fact, most of the governments that are now superpowers were either developing counties, or involved in an arms race to be the most dangerous nation in the world. That stressful climate prevented a true global economy. After years of; meetings, conferences, negotiations, the collapse of world power, a genuine global economy emerged. Cross Cultural Perspectives The issue that is troubling Wal-Mart is an example of how to make sure failure, when an organization decides to take their business to an international market. In an article...
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...What do ethics mean? A sociologist Raymond Baumhart ask business people this question and their answer included, “ethics has to do with what my feeling is telling me what is right”.” Ethics has to do with my religious belief, “Ethics has to do with law”. “Ethics consist of the standards of behavior our society accepts (Vasquez, 1987). These answers are typical of our society, but are not correct meaning of ethics. For example, feeling frequently deviate from ethics and a person following his or her feeling may recoil from what is right. Some people associate ethics with religion. This seems like a reasonable choice when religion advocates a high ethical standard, but everyone is not religious and ethics even apply to non-religious people. Being ethical is not the same as following the law. For example slavery was legal in the United States, but most people would say it was unethical and even in more modern time apartheid was legal in South Africa, but unethical. If we base ethics on what society accepts then we would have said Nazi Germany Crimes against the Jews were ok. I don’t believe that’s the case. If being ethical were doing what society accept, then to find out what is ethical one would have to find out what society except. So what is ethics? I will discuss ethics, the development aspects of ethics, my ethical system and what shaped my ethics and how ethics affects my performance in the work place. Ethics refer to the standards of right and wrong that prescribe what...
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...Assignment 1: Social Performance of Organizations Business 475-Business and Society Professor-Dr. Romy Lu Student-Jose Echavarria 01/30/2014 Assignment 1: Social Performance of Organizations Specify the nature, structure, types of products or service of your chosen organization, and two (2) key factors in the organization’s external environment that can affect its success. Provide explanation to support the rationale. De Beers Diamond Company is an industry that currently produces $13 billion worth of rough diamonds each year, leading to the employment of 10 million people globally from mining to retailing. 70% of rough diamonds are sold for industrial purposes with the remaining 30% “gem quality” being distributed to experts for cutting, polishing and jewelry manufacturing (Stein, 2001). The global jewelry market has increased three-fold in the last 25 years and is currently worth $72 billion each year. Jewelry diamonds are unjustifiably expensive given that they are not actually scarce. Upon the discovery of other diamond reserves globally, De Beers set up a subsidiary called the Central Selling Organization (CSO), responsible for buying the production for all mines worldwide then selling the produce to dealers in return for a percentage fee (10 – 20 %) from producers (Stein, 2001). The CSO was able to maintain illusion of scarcity by deciding the quantity of diamonds to be supplied to the world market and in turn, allowing...
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...Research Proposal: A CRITICAL ANALYSIS ON THE IMPLICATIONS AND EFFECTS OF CORRUPTION IN THE SOUTH AFRICAN ECONOMY AND HOW IT CAN BE MANAGED About the writer: Tyson Thamsanqa Sibanda Rosebank College South Africa: Bachelor of Business Administration 3 (2015) Contact details; Tyson.msimanga@gmail.com 0027786500000 / 0027815993434 BACKGROUND AND ORIGIN Corruption in South Africa has been so widespread that, unless it is decisively tackled in this presidential term, there is a real danger that it will become embedded as a ‘normal’ aspect of life in our country. Once it becomes part of the ‘culture’ of our society, it will be almost unmanageable to uproot. Corruption is generally defined as the abuse of public office for private gain. It usually comes in two forms. Firstly, the alleged ‘big-time’ corruption which take place when public officials bend the rules to channel patronage to relatives, friends and associates, or accept bribes; as well when private agents bribe public officials to give them exclusive advantages or privileges. Secondly, there is the quiet corruption, which occurs when public servants purposefully neglect their duties to provide public services or goods. Quiet corruption may not involve an exchange of money, but involves providers of public services such as teachers, nurses or other government officials, twisting the rules for their own private welfares. This includes, for example, public servants, such as a minister or nurses not turning up for work when...
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...state at this junction that there are three major automakers in United States (Ford Motor Company, General Motors and Chrysler), but there is something about Ford Motor Company that makes this company so unique. Is it their “never let go” attitude – even when bankruptcy and the likelihood of their collapse was looming in 2008/2009 or the fact that it is still a family controlled business (though the family share is in the minority now) after all these years? Or is it the fact that they still have one of the prettiest cars in the world? Or is it the fact that they are the ONLY auto company that refused to collect the bail-out money from the federal government in 2009 when it was so apparent that they might go- under. Please bear with me with if it appears I am being bias here but it just beats my imagination what this company can do when it comes to their core ethics and principle and most importantly, their innate thirst and desire for corporate social responsibility. Ford Motor Company is “the second-largest automobile company in the world, Ford Motor Company represents a $164 billion multinational business empire. Known primarily as a manufacturer of automobiles, Ford also operates Ford Credit, which generates more than $3 billion in income. The company manufactured vehicles under the names Ford, Lincoln, Mercury, Jaguar, Volvo, Land Rover, and Aston Martin. However in 2008 sold its foreign brands. Ford also maintains interest in Mazda Motor Corporation. Ford's financial stability...
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...a series of themes in order to understand the changing relationship among the fraudster, his/ her environment and the frauds committed. And after taking into account the insights of our investigation leaders around the world, we conclude that the type of fraud and the type of fraudster are continually changing. “The intriguing thing about fraud is that it is always morphing, like a strain of flu; you can cure today’s strain, but next year it evolves into something as bad if not worse, ” says Phil Ostwalt, Global Coordinator for Investigations for the Global Forensic practice at KPMG. One major change is the growing use of technology by fraudsters, and not just in the technologically advanced countries, such as the US “a concern for all business is that we are about to see a new generation of people, able to use more technology and with access to much more information than past generations. All of which points to a new era for fraud and illegal activities, ” says Arturo del Castillo, Managing Director of Forensic, KPMG in Colombia. We believe that understanding this fluidity will enable organizations to protect themselves better against fraud and may improve their ability...
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...around the world. Under the leadership of Kenneth C. Frazier, who serves a threefold role: Chairman of the Board, President and Chief Executive Officer, Merck and Company reflects its corporate values and guides in day-to-day decision making. Merck recognizes that the world is changing and they have to keep up with the changing demands. The company’s vision is “a commercially sustainable business that both increase the accessibility of products globally and helps build local capacity for quality, healthcare services for those who need them most. Background Merck and Company is an innovative, global healthcare leader that is committed to improving health and well-being around the world. Merck and Company is a very unique leader in its diversity outlook. The company, sort of like IBM, encourages diversity through their employees by: Diversity Acknowledges contributions of their employees around the world and are committed to creating a workplace that is open, welcome and respectful to all employees Ethics They work hard to make sure that the company lives up to their own high standards each and every day Openness and Transparency The company strives to operate openly and transparently in...
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...more successful nation-states with prospering markets. We also study examples of countries that have failed at this. Some of the more successful countries would be Japan, South Korea and Taiwan. Africa and Afghanistan would be prime examples of countries that still have trouble with underdevelopment. 2. SYNCRETISM- Sil reading. Syncretism is the strategy of Nation building that combines foreign/modern and native/traditional values. Sil believes that in order for a Third World country to move forward, traditions must be reconstructed with newer, more modern ideals. This is significant to Comparative Politics because it is a way of understanding how social mobilization affects modern nation building. 3. ZAIBATSU- Johnson and Fukai reading. Zaibatsu are eastern Asian industrial and financial conglomerates that unleashed entrepreneurship in countries like Japan, South Korea, and Taiwan. They focus capital in developmental projects in underdeveloped countries and constitute compromise between inefficiencies of purely state enterprise and indifference to developmental goals of purely private enterprise. This is significant to Comparative Politics because it started entrepreneurship and encouraged investment in Third World counties. It is also a prime player in the Capitalist Developmental State Model of Japan, South Korea, and Taiwan, and has spread globally. 4. 5 STAGES OF ECONOMIC GROWTH- Rostow...
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...exhibits control over every facet of political and human life -Power maintained by suppression of opposition -Dominant ideals include media censorship, political representation, denial of rights, and civil liberties An example is People’s Republic of China, North Korea, Burma, Cuba, Vietnam, Libya and Saudi Arabia as well as Kuwait. B) Democracy=a system of government in which all the people of a state or polity ... are involved in making decisions about its affairs, typically by voting to elect representatives to a parliament or similar assembly -Democratic society cannot exist without at least a two-party system -Once elected, representative is held accountable to electorate for actions (which limits power of government) Examples include -Germany, Ghana, Grenada, Greece, Hungary, Iceland, India, Ireland, Israel, Italy, Jamaica, Japan, Kiribati, Latvia, Lithuania C) Dictatorship= A dictatorship occurs when one person has complete control of a nation. Dictators are often associated with brutality, violence and ruthlessness and typically use armed force and fear to keep citizens under control. -Examples include Belarus, Chad, Cuba, Equatorial Guinea, Cameroun, Kazakhstan, Iran D) Monarchy= refers to a "royal family." Considered to be a type of autocracy, a monarchy is similar to a dictatorship minus the violence. Although history is smeared with violent kings, queens, sultans and czars, modern day monarchs are considered benign. Monarchies are labeled absolute or constitutional...
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...MGMT6012 Management Perspectives Sydney Week 5 3/21/2016 Organisational Diversity 3/21/2016 Diversity What does “diversity” mean to you? How does it apply in the workplace? 3/21/2016 Introduction • Diversity is always a sensitive issue. • People who belong to a “minority” group often feel labelled, stereotyped, and marginalised in the workplace; • People who belong to the “majority” group are often unaware of the consequences of the collective action of the majority. 3/21/2016 Introduction • We all hold bias and prejudices simply because we notice difference and it is important not to try to obliterate difference and diversity in an attempt to redress prejudice. • Ignoring difference, for example, can be as damaging as highlighting it in a negative manner. 3/21/2016 Introduction • The literature around inclusiveness is the direction in which this field of study and practice is going. • The idea that we work towards an inclusive workplace for everyone, recognising everyone as a diverse member of the organisation is important, and leverages the strengths that differences bring in to the workplace rather than squashes them. 3/21/2016 What We Cover • The concepts of diversity, exclusion and inclusion • Different roots of diversity in the workplace • The experience of prejudice in the workplace and the limitations it places on organisational performance 3/21/2016 Objectives By the end of this module...
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