everyone understands that accounting is the mode of communication in business. It is the channel through which investors and businessmen get to understand whether their investments are worth it or not. It helps in giving the value of an investment at any given time. The contemporary accounting practice and methods are quite diverse. However, they have not been so since the beginning. According to Waweru (2010), there are numerous changes that have marked the evolution of accounting. This research paper
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In Press, Business Ethics Quarterly Getting to the Bottom of “Triple Bottom Line”* by Wayne Norman and Chris MacDonald March 2003 Abstract: In this paper, we examine critically the notion of “Triple Bottom Line” accounting. We begin by asking just what it is that supporters of the Triple Bottom line idea advocate, and attempt to distil specific, assessable claims from the vague, diverse, and sometimes contradictory uses of the Triple Bottom Line rhetoric. We then use these claims as a basis
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MARA (UiTM), Shah Alam, Selangor, Malaysia b Universiti Teknologi MARA (UiTM) Kelantan Campu, Malaysia c School of Business, Universiti Utara Malaysia c Accounting Research Institute (ARI), Universiti Teknologi MARA (UiTM). Shah Alam, Selangor, Malaysia Abstract Currently, governance in public administration has become a global issue as a result of the continuous stream of governance failures, fraud, inefficiency, corruption, and poor internal control and financial management. Public sectors
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Assignment: Background Read the following Case Scenario and then attempt this task Enron: How the Failure of Leadership, Culture, and Unethical Behavior Brought a Giant to its Knees Background A company with humble beginnings, Enron began as a merger of two Houston pipeline companies in 1985. Although Enron faced a number of financially difficult years, the deregulation of the electrical power markets took effect in 1988, and the company redefined its business from "energy delivery" to "energy
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Chapter # 1 1. Why Business Ethics? * Business decisions under great scrutiny Global financial crisis created diminished stakeholder trust Deals with questions about whether practices are acceptable No universally-accepted approach for resolving issues 2. Business Ethics * Comprises principles, values, and standards that guide behavior in the world of business 3. Principles: Specific boundaries for behavior that are universal and absolute Freedom of speech, civil liberties 4. Values:
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code of ethics may require something that is contrary to your personal ethics. You will need to balance your personal ethics against the ethical code of your profession. Model Code of Ethics Each state has a professional code or rules of ethics that set out what an attorney can and cannot, or should and should not, do in situations where there is an ethical decision to make. The American Bar Association has created the Model Rules of Professional Conduct, which is used by most states as a guideline
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Whistle-Blowing The ________ established new rules and regulations for securities trading and accounting practices. Answer: Sarbanes-Oxley Act of 2002 Consumers should have the right to choose which goods and services they need and want to purchase. Answer: True ________ refers to the responsibility of manufacturers for injuries and damages caused by their products. Answer: Product Liability Ethical ways to handle conflicts of interest include: Answer: Avoiding and disclosing ________
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Enron Case Study Kati Finger 1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. I believe that the main parties who were responsible for the Enron Scandal were the CEO’s, as this was an ongoing affair, which had started with prior CEO’s, including Kenneth and Jeffrey Skilling. Another key
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company policies and government mandates for regulations regarding legal and ethical issues for information systems. One of the first steps to completing a security analysis is to performing an audit for the following: * Identify security best practices * Evaluate the current policies and effectiveness * Consider current and future legal and ethical issues * Security risk assessment * Security life cycle issues * * Configuration management, annual reviews, design, implementation
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Advanced External Auditing [AU2] Examination Blueprint 2013/2014 Purpose The Advanced External Auditing [AU2] examination has been constructed using an examination blueprint. The blueprint, also referred to as the test specifications, outlines the content areas covered on the examination and the weighting allotted to each content area. This document also lists the topics, the level of competence for each topic, and the related learning objectives and competencies. The learning objectives have been
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