am Scam and Ethics Running head: ETHICAL ISSUES IN SATYAM SCAM 1 A Study of Ethical Issues in Satyam Scam Haresh M Patel (Roll No.2234) B.K.School of Business Management (Evening Programme) ?Ethical Issues in Satyam Scam Abstract “Reputation is an idle and most false imposition: oft got without merit, and lost without deserving”. Failed institutions, including Lehman Brothers, Enron and Satyam, would stand a testimony to this affray in a post-mortem analysis. This paper discusses corporate ethical
Words: 425 - Pages: 2
describe the challenges facing the company following the previous accounting firm’s misconduct, along with a detailed process into recovering from this scandal. We will begin moving forward into rolling out an accounting department ethics program. The program will include a detailed Code of Ethics, an Ethics Training class for all employees, an Ethics Help-Line where employees can anonymously report any violations of the Code of Ethics, periodic evaluations, and a method of monitoring and tracking systems
Words: 1283 - Pages: 6
Reporting Practices and Ethics Paper Jessy Dominique-Clark HCS/405 Health Care Financial Accounting September 24, 2013 Debra Brindley Reporting Practices and Ethics Paper The National Health Care Anti-Fraud Association assess that the economic damages cause by health care fraud is more than ten of billon dollars every year. Financial controlling is difficult, but by using the four fundamentals of monetary management correctly and following the generally accepted accounting principles, revealing
Words: 865 - Pages: 4
ACCOUNTING DEGREE (not Certificate) Accounting Option Requirements Non-business requirements as follows: • Political Science (PS) 101 – United States Government (4) • Political Science (PS) 102 – United States Politics (4) • Philosophy (PHL) 308 – Elementary Ethics (4) or (PHL) 309 – Business Ethics (4) • 3-4 credits in Anthropology (ANTH), Psychology (PSY) , or Sociology (SOC) A minimum of 36 credits as follows. • Accounting (ACTG) 335 – Accounting Information Systems (4) • Accounting (ACTG) 360
Words: 482 - Pages: 2
service, and required continuing education of board members (Allen, 2012). Additionally in response to studies done on the effectiveness of ethics post Sabanes-Oxley, president of the Ethics Resource center, Patrician Harned, Ph. D states “Despite new regulations and significant efforts to reduce misconduct and increase reporting when it does occur, the ethics risk landscape in American business is as treacherous as it was before implementation of the Sarbanes-Oxley Act of 2002” (Did Enron and SOX
Words: 907 - Pages: 4
Professional ethics are a set of rules that concern the rights and wrongs within a given profession. They are known as the professional code of ethics or conduct. Ethics can be both, written and unwritten. The written ethics are basically the morals within a profession. On the other hand, the unwritten ethics are more personal or so obvious that they should not have to be stated. When an individual begins a new profession, they are usually aware of the professional ethics that concern their particular
Words: 2482 - Pages: 10
Main Point This article focuses on WorldCom’s culture of ethics and how this culture led to criminal charges by reporting accounting irregularities of $11 billion in 2002. There are many ethical theories from many points of view, but the bottom line of the article is poor ethical cultures and bad accounting practices lead to disruption of performance and in order to move forward there is a need to educate future business leaders to set high ethical standards and goals for themselves and their employees
Words: 384 - Pages: 2
IFAC’s recently released Revised Code of Ethics applies to all professional accountants - whether you work in practice, in industry, in academe, or in government. It is effective from June 30, 2006. Accountancy Ireland asked ICAI member, Richard George, Chairman of the IFAC Ethics Committee to explain the background to the development of the revised code and to give our readers a brief overview of what it covers. Many Irish Chartered Accountants are probably only vaguely aware of the existence
Words: 2222 - Pages: 9
SUMMARY……………………………………………………………………..ii INTRODUCTION…………………………………………………………………………........1 REQUIREMENTS TO APPLY FOR AND SIT FOR THE TEXAS CPA EXAM…….............1 Moral character………………………………………………………………………….1 Degrees&150 hours…………………………………………………………………......2 Accounting, business, and ethics courses…………………………………………….....2 FOUR SECTIONS AND TEST STRUCTURES………………………………………….........5 Coverage and structure………………………………………………………………….5 THE RULES, TESTING WINDOWS, AND SITES……………………………………...........6 Rules……………………………………………………………………………………
Words: 6533 - Pages: 27
company accounting department currently needs to hire another managerial accountant to focus on the company internal (managerial) accounting system. The CEO is uncertain and not convinced that a managerial accountant is needed at this time. A managerial accountant would benefit the company in a great way. The internal accounting system and developing important accounting information would be the accountant main focus. The managerial accountant would also hold up the company code of ethics. Internal
Words: 600 - Pages: 3
