MODULE B Professional Ethics LEARNING OBJECTIVES | | | | | |Review |Exercise, Problems, | | |Checkpoints |and Simulations
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Stakeholders and Business Ethics 1. Which of the following people or groups supply a company with productive resources and are affected by the way a company does business? A. Stakeholders B. Customers C. Employees D. Managers Correct : “Stakeholders (are) people or groups of people who supply a company with its productive resources and thereby have an interest in how the company behaves” (Jones, 2007, p. 144). Materials Stakeholders and Business Ethics 2. Who has a claim on
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Running Head: Is Ethics The Main Reason For Accounting Scandals? Is Ethics The Most Important Reason Behind Years of Accounting Scandals? Joshua A. Williams DeVry University Is Ethics The Main Reason For Accounting Scandals? Ethics: Is It The Most Important Reason Behind Years of Accounting Scandals? Ethics is a term that refers to a code or moral system that provides criteria for evaluating right and wrong (Spiceland, Spe, Tomassini, 2007). An ethical dilemma is a situation in which
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Republic of the Philippines Bulacan State University Sarmiento Campus Brgy. Kaypian, University Heights, CSJDM The Institutionalization of Business Ethics Prepared by: Ramoso, Trisha May Roxas, Alfredo Robines, Vanessa Ragasa, Mylyn Prepared to: Mr. Michael Gil Llorens Date: August 25, 2013 Managing Ethical Risk through Mandated and Voluntary Programs VOLUNTARY PRACTICES Includes: * Beliefs * Values * Voluntary contractual obligations CORE PRACTICES
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Analysis of Ethical Corporate Culture between 2013 and 2015 Group 6: Michelle Delgado Lok Sum Lydia Fung Chau Nguyen ACCT 415 Dr. James Gong 5/14/2015 Executive Summary In business, leaders, managers, and employees face conflicting incentives, messages and pressures from multiple stakeholders. Conflict of interest is said to occur when a professional’s self interest offers an incentive that mitigates his or her judgment against the best interest of the corporation or its customers
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sentence was reduced by 10 years and he was required to pay $42 million to the victims. Andrew Fastow plead guilty to counts of wire fraud and securities fraud. He served four years in prison. As a result of the Enron scandal, congress passed the Sarbanes-Oxley Act of 2002. The act was created to protect investors from accounting fraud and increase investor confidence. The act includes two key provisions. Section 302 mandates that senior management certifies “(1) the report does not contain untrue statements
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A Letter from Prison: Background: Introduction to Accounting Ethics. Reading Assignment: The case Summary of Sarbanes-Oxley (2nd page of this document) Pages 18-19 of the text. Assignment Questions: 1. What did Stephen Richards and other members of Computer Associates management do? 2. What impact did these actions have on financial statement users? 3. What were the motivations for these actions? 4. Do you believe the actions taken by Richards and other members of Computer Associates' management
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How can we define ethics? What does ethics mean to you? Many years ago, a psychologist posed this question to a group of business people. To his surprise many of them had a wrong idea or were not sure of their own answers. Nowadays we are faced with a society that hardly knows or understands what this word means. Some people think that ethics has to do with what their feelings tell them is right or wrong, others take ethics as being a religious idea and belief, or something that the law requires
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Review of Accounting Ethics Review of Accounting Ethics Dr. ACC 557: Financial Accounting May 22, 2013 Table of Contents 1.0 Corporate ethical breaches in recent times. 3 2.0 Accounting ethical breaches and their impacts 3 2.1 The Scandal of Enron 3 3.0 Organizational ethical issues and the management failure 5 4.0 Breach of the accounting practices and its impacts 5 5.0 Recommendations by the CFO 6 6.0 References 8 1.0 Corporate ethical breaches in recent times. Ethics is an important
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CORPORATE GOVERNANCE 1 CORPORATE GOVERNANCE We can attribute societies demand for improved corporate governance on the number of recent financial scandals that have occurred in both the United States and abroad in the past decade. For many organizations, the way to rebuild shareholder confidence was to implement a fundamental framework of procedures that would ensure scandals like Enron, WorldCom and Tyco would not occur in the future. It is precisely these scandals that made corporate governance
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