& the Common Good/Bien Commun, Supplement no. 2, 2001 Bonvin, J.-M. Debt and the Jubilee: Pacing the Economy Finance & the Common Good/Bien Commun, Supplement no. 1, 1999 Dembinski, P. H. (leading contributor) Economic and Financial Globalization: What the Numbers Say United Nations, Geneva, 2003 Enron and World Finance A Case Study in Ethics Edited by Paul H. Dembinski Carole Lager Andrew Cornford and Jean-Michel Bonvin in association with the Observatoire de la Finance Selection
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Hamlet’s cannot heal but only infect, is a justifiable argument that depicts the malignant nature of corruption amongst the top political elite. The ethical dilemmas that plague Hamlet are dramatized by Shakespeare throughout the play. In Act 3, Scene 4, Hamlet kills Polonius, thinking he has killed Claudius. To this deed, Gertrude exclaims, “O, what a rash and bloody deed is this!" (3.4.28) – and it is. Intuitively, Hamlet should engage in self-criticism but, he does not. Hamlet, instead, adopts
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“It represented the last word in luxury ocean liners.” Built to accommodate millionaires, the Titanic was the world’s largest ship and illustrated its superlative maritime technology. In addition to being fast, the ship was considered to be invincible. But, why and how did the Titanic ultimately sink on its first and last expedition? Neither the design nor the structure of the Titanic was accountable for the Titanic’s unforeseen demise. Rather the main reason was a lack of understanding of the limitations
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of the Literature Concerning Ethical Leadership in Organizations Kelly Monahan Regent University The following article explores the literature regarding the topic of ethical leadership. Thirty-eight articles were identified that are written by authors who focused on four main topics. These topics are the definition of ethical leadership, the personal integrity and morality of a leader, how a leader ethically influences followers, and current challenges facing ethical leaders. These four topics are
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apply relevant knowledge, skills and exercise professional judgement in carrying out the role of the accountant relating to governance, internal control, compliance and the management of risk within an organisation – in the context of an overall ethical framework. OUTLINE OF THE SYLLABUS 1. 2. 3. 4. Governance and
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good or bad by themselves. The right or wrong of these actions is not determined by their consequences. Utilitarianism Actions are judged by how much they benefit the majority. The greatest good for the greatest number of people. It is ethical to make the minority unhappy or suffer to create the greatest good The various ways of defining the greatest good should be taken into consideration. Promulgated by John Stuart Mill and Jeremy Bentham Act Utilitarianism Every act has an individual
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The Rise and Fall of Arthur Andersen LLP In October 2001, Enron was accused of overstating their earnings in the last few years in excess of $1 billion dollars (Doost, 2001). At the same time, Arthur Andersen, one of the most reputable auditing firms, was responsible for auditing Enron’s financial statements. The Security Exchange Commission (SEC) ordered Arthur Andersen to provide all relevant Enron documentation and auditing files. Going against Arthur Andersen’s impeccable reputation of honesty
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announcement that Lehman had filed for bankruptcy caused the DJIA to plunge more than 500 points within a few hours. That large loss was only a harbinger of things to come. Within six months, the DJIA had declined by more than 50 percent from its all- time high of 14,164.53 that it had reached on October 9, 2007. That market decline wiped out nearly ten trillion dollars of “ paper” wealth for stock market investors and plunged the U. S. and world economies into what became known as the Great Recession.
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of $639 billion and $619 billion in debts, Lehman Brothers’ bankruptcy filing became the largest in history, It’s assets far surpassed those of previous bankrupt giants such as WorldCom and Enron (“IInvestopedia: Case Study", April 02, 2009). The collapse of the Lehman Brothers is contagious and even triggered the Global Financial Crisis. LEHMAN BROTHERS HISTORY Three brothers – Henry Lehman, Emanuel Lehman and Mayer Lehman in 1850, founded Lehman Brothers. Started as a normal dry-goods
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Team Project: Financial Reporting and Ethical Practices Rakel Raigns, Jakeia Griffin, Victoria Jones, Samirah Merritt University of Maryland University College November 9, 2013 Author Note This paper was prepared for AMBA630 Economics Management Decisions, Section 9045, taught by Professor Victor Bahhouth. Executive Summary In order to avoid fraudulent reporting, the Securities Exchange Commission (SEC) has mandated that auditing for organizations must be completed by independent accountants
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