legitimating the company’s public image (Diller, 1999; Matten, 2003)” (Erwin, 2011, p. 536). Ethics is one of the building blocks to the company’s accounting (Kimmel, 2012, p. 7) as it is the rules of behavior on ideas about what is morally good and bad (Merriam-Webster, 2014) within the business industry and amongst other industries when reporting the financials. With the passing of the Sarbanes-Oxley Act, ethical behavior is designed to be favorable as its creation is to downgrade unethical corporate
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Fraud and Illegal Acts We have been hired to perform a year-end audit on Jersey Johnnie’s Surfboards Inc., an SEC registrant. Before the audit had been completed, the engagement partner received a call from the director of ethics and compliance stating that the ethics and compliance hotline received a call from an anonymous employee informing the Company of possible accounting improprieties as well as concerns about management’s overall commitment to accurate financial reporting. This call was
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LEGAL AND ETHICAL CONSIDERATIONS 4 RUNNING HEAD: LEGAL AND ETHICAL CONSIDERATIONS IN MARKETING, PRODUCT SAFETY AND INTELLECTUAL PROPERTY LEGAL AND ETHICAL CONSIDERATIONS IN MARKETING, PRODUCT SAFETY AND INTELLECTUAL PROPERTY [Student Name] [Instructor’s Name] [Date] [Course Name] Introduction This paper is concern with legal and ethical issues in advertising
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Section 404 of Sarbanes-Oxley Act Introduction Before 2002, many U.S. companies, such as Enron, WorldCom and Xerox went bankrupt and caused the serious global issues and financial responsibilities of managers in the world. The primary issue was about an ethical leadership and maintained the clean audit system. Well known examples perhaps were Enron and WorldCom scandals. Dyck and Neubert (2010) mentioned that “Ironically, the lucrative rewards for performance and innovation were keys to Enron’s
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Go for Governance Amy Ashley April 10, 2014 Ashley Cobb, Instructor Rasmussen College Author Note This paper is being submitted on April 18, 2014 for Ashley Cobb’s B293/MAN2062 Section 02 Business Ethics course. Memorandum To: Board of Directors of XYZ Corporation From: Amy Ashley, ABC Consulting Firm Date: 4/17/2014 ------------------------------------------------- Re: Go for Governance Confidential Now that we are moving forward without the former CEO it is important to establish
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as if it has to solve a problem itself rather than hold management accountable for the solution. OBJECTIVE RELATED TO THE PROBLEM SHORT TERM Boards should demand that senior managers have plans for complying with rules like those imposed by Sarbanes-Oxley; for meeting moral obligations such as fostering ethical behavior and creating a diverse workplace; and for achieving business objectives that are critical to success in highly competitive markets—new-product development, productivity improvements
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Kyle Reed MGT 309 Dr. Williams 09/06/2015 Research Paper – Enron and Ethics in Financial Reporting Table of Contents Cover Page – Page 1 Table of Contents – Page 2 Introduction – Page 3 Statement of Problem – Pages 4-5 Analysis of Problem – Pages 5-6 Conclusion – Pages 6-7 References – Page 8 Introduction A major scandal that still resonates in financial markets today was Enron’s bankruptcy. The business environment of the time included a deregulated energy market (specifically
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to be highly ethical in their decisions and actions. In addition, the Enron Code of Ethics specified that “An employee shall not conduct himself or herself in a manner which directly or indirectly would be detrimental to the best interests of the Company or in a manner which would bring to the employee financial gain separately derived as a direct consequence of his or her employment with the Company.” Enron’s ethics code was based on the values of respect, integrity, communication, and excellence
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Are the Dodd Frank Act Whistleblowing Measures Effective? Whistleblowing in the Financial Markets: Name: Professor: Course: Date: In the wake of the Global-Financial Crisis there have been various strategies employed to improve corporate governance, but the main question to ask will they work? The expansion of whistleblower bounties under s.992 of the Dodd-Frank Act 2010 (Dodd-Frank Act) has been one such measure. This measure has been identified as significantly controversial, because it
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an initial Public offering which will allow us to grow up to 40% in 3 years. This vision should drive each one of us and our goals. In order for this change to happen, we must abide to the rules and regulations of IPO required by the Sarbanes-Oxley act. Sarbanes-Oxley Act requires that an IPO Board to have at least one member with financial experience as Chief Financial Officer or a Certified Public Accountant. Leadership Structure and Style As a member of the executive board, the leadership style
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