Personal Values and their Interaction with Organizational Ethics Carl Stevens Old Dominion University Abstract Boone and Kurtz (2011) define business ethics as “the standards of conduct and moral values governing actions and decisions in the work environment” (p. 34). This paper discusses how an individual’s value system may clash (both positively and negatively) with the ethical standards dictated by an organization. Our exploration deals with the study of how organizations define ethical
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Professional Ethics Introduction Importance of Ethics in Public Administration The study of the foundations of ethical administration is an important topic to explore when working in a public organization, especially when pursuing a future role as a public administrator. Ethics in public administration is not a transient concept but has proven to be an approach which has shown a great deal of sustainability which is fundamental to the area of public administration. Ethics is gaining prominence
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Gillermo Furniture Store Analysis Dechazlon Burnett, Basma Fawaz, Jon Ehm, Janice Schmitt, Jenna Snowden University Of Phoenix Accounting 561 Michael De Marco November 14, 2010 Introduction Gillermo Furniture Store Analysis Risks Associated with Sales Forecasts Sales forecasting and budgeting are important tools used to evaluate the results of the company. The sales forecasting are used as guidelines that direct the company to the right path and help the management achieve the company’s
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B1. Client Confidentiality Fraud investigators are responsible for upholding the ACFE Code of Ethics when dealing with client confidentiality, integrity, and objectivity during a fraud investigation. A fraud investigator is not allowed to reveal confidential information obtained during a fraud investigation unless proper authorization is given from the client or a lawful order. Therefore, any information discovered during the fraud investigation remains confidential unless HealthSouth gives
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Case7.2:Stephen Gray, CPA Answer for Q1 Ethical codes create a boundary that members of a profession could act in to the professions highest beliefs. Where code of ethics is not enforced, a profession’s name could be tarnished by the wrong acts of some individuals that would affect all members of the profession and as the consequence the general public will also be affected. The main reason for the change of these codes overtime is the change in the culture or values systems and attitudes of
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Ethics, sometimes known as moral philosophy, refers to the branch of knowledge that deals with moral principles that govern a person or group behavior. The term comes from the Greek word ἠθικός which means “habit". Philosophical ethics investigates what is the best way for humans to live, and what kinds of actions are right or wrong in particular circumstances. Ethics may be divided into three major areas of study. Meta-ethics, about the theoretical meaning and reference of moral propositions and
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Adephia Scandal 1 Abstract The purpose of the paper is to explain deontological ethics, including Kant's Categorical Imperative, and their relationship to business ethics. I will explain how deontological ethics and Immanuel Kant’s Categorical Imperative more specifically relate to the two primary business ethics violations in the Adephia scandal. ADELPHIA SCANDAL The Adephia Scandal orchstrated by a family of Business
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of WorldCom was due to the bad decisions of its executives to manipulate earnings with improper accounting entries. The key executives involved in this fraud were CEO Bernard Ebbers and CFO Scott Sullivan. Also, the accountants Bufford Yates, David Meyers and Troy Normand were all involved in this event. In this case, the accountant Troy Normand was pressured by Sullivan to prepare improper accounting entries. He was told to mark operating costs as long-term investments, which is a part of the
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deals with Sarah Jones independence of conducting the audit of FNB because her parents are dependent on the dividends from their significant investment in the bank. Gather all the facts Sarah Jones serves as an auditor in charge at a reputable accounting firm Trout & Cod CPA firm. She supports her family financially while her husband is a stay-at-home dad taking care of their two kids. During the audit of First National Bank (FNB), Sarah discovered that several significant commercial loans had
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Enron was formed by the merging of two different companies, Houston Natural Gas and InterNorth in 1985. Kenneth Lay was the chairman and Chief Executive Officer of Enron. Lay hired Jeffery Skilling and he developed a staff of executives who used accounting loopholes, special purpose entities, and poor financial reporting to hide billions of dollars in debt from deals and projects that failed (Biography.com, 2015). The impact to the company is very detailed and will be discussed throughout this paper
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