Andersen: Questionable Accounting Practices Steven Young Strayer University Business Ethics: Ethical Decision Making and Cases Dr. Mary Tranquillo November 13, 2012 Arthur Andersen: Questionable Accounting Practices p1 Arthur Andersen, one of the largest accounting firms in the United States, “a name that was synonymous with trust, integrity, and ethics” (Ferrell, Fraedrich, & Ferrell, 2011, p. 348), through a loss of its founder Arthur
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Ethics and Compliance This paper will access analyze data from Wal-Mart’s annual financial reports as well as Security and Exchange (SEC) filings for the past two years. This analysis will be used to evaluate the organization’s financial performance during the past two years using financial ratios. An assessment of the role of ethics, compliance and procedures currently in place to ensure organizational ethical behavior will also be addressed. An explanation of how financial markets operate within
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Whistleblowing and Sarbanes-Oxley LEG 500 LEG 500 Whistle blowing has its origins from an example of law enforcement blowing a whistle when someone finds a crime or some wrongdoing process in a government. So when wrongs are taking place in government, the public they serve suffers (Chambers, 2014). The government is supposed to be open. Whistleblowers have to care about the issues that are going on in the workplace for them to commit such energy into the act. They have ethics and morals.
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Abstract The purpose of this week’s assignment was to read three peer reviewed/scholarly journals and compare and contrast each author’s ethical perspective. The articles were: What is Business Ethics by Peter F. Drucker, 1981, The Social Responsibility of Business is to Increase its Profits by Milton Friedman, 1970 and The Relevance of Responsibility to Ethical Business Decisions by Patrick E. Murphy, 2010. Ethical Perspectives of Friedman, Drucker and Murphy
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A Primer on Sarbanes-Oxley This paper is an investigation of violations in finance according to Sarbanes-Oxley (SOX) as related to ethics and those influenced by decisions from investment management. I assessed the financial and social business practices of different organizations and identified ethical issues within the businesses that impacted internal and external stakeholders. Research revealed issues and activities that should have been resolved voluntarily prior to SOX’s enactment to meet
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Leadership, Ethics and Corporate Governance In order to identify the definition of a leader, one must first define an accurate representation of the meaning of leadership. There are many ways to define leadership. For example, Webster’s dictionary defines leadership as, “1. The office, position or function of a leader, and 2. The quality of character and personality giving a person’s ability to gain confidence of, and lead others,” While this definition presents an accurate meaning of the word
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To decide what are the pros and cons of going public or stay private, first of all we have to understand what section 302 of SOX is requiring of the CEO and CFO Section 302 of SOX requires that a company's CEO and CFO be personally responsible for accurately reporting all materials in respect to their company's financial health and stability. Additionally, Section 302 states that the company's CEO and CFO certify that all of the proper "disclosure controls and procedures" are in place within the
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of the unethical practices in accounting. In an article that I read it talked about how when the economy is down that a lot of companies enforce ethics and make their ethical policies even better, but at the same time the article also states that when the economy is booming does it relax it ethical policies and let things pass. The Sarbanes-Oxley Act (SOX) has greatly helped to make company’s financial statements a lot better in making sure the companies are reporting all their earnings and
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Notes Ethics Managers are expected to behave in an ethical manner. The province of ethics is to sort out what is good and bad. But, what is the criterion or guideline for doing so? Philosophers came up with some criteria, but none of them makes sorting out what is good and bad an easy task. Here, we introduce two of these criteria. Principle 1 Golden rule: Do unto others as you would have others do unto you. But the next example, the so-called Sopranoism, shows the
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company in case you go public. This document will give you an overview of the Sarbanes-Oxley Act, of 2002 (SOX) that your company will be required to implement if you go public. I'll give detailed recommendations and instructions how to implement internal control principles in your organization. There are some additional factors that will be mentioned below in greater detail including compliance, and business ethics in regards to Corporate Social Responsibility. Also you will find out that
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