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Business and Professional Ethics
The fraud triangle is an old and basic concept that is usually used to detect the occurrence of fraud or deter it from taking place. The paper is a case study of an employee and its main focus will be application of the fraud triangle in detecting the fraud or deterring such a fraud from happening again in the organization.
When a fraud occurs there are three elements that typically present; opportunity, motivation and rationalization. The first and crucial element of committing fraud is opportunity. Many business without knowing create an opportunity for dishonest employees to commit fraud through the exercising of weak control such as lack of supervision and lack of duties segregation. For instance the task of preparing signing and recording cheques should not be given to one employee. Such a scenario can create an opportunity for committing fraud as an individual can easily write a cheque for themselves without anyone noticing.in this case study...
This is because he was the one in charge of opening mail, making cash deposits posting payments and invoices to the subsidiary accounts that are held by customers. He is also the one who verifies the deposit slips and gives them to the general ledger accountant. Therefore Darren Jones had an opportunity to commit the fraud as he was the one that was directly involved in depositing money to the customer accounts and preparing the deposit slips.
Motivation which can also be termed as pressure is the reason why the employee performs the fraud. This can be a real financial need or other types of needs such as debts, high medical bills and so on. When we look at the case study w can say that the motivation that Darren Jones had when he committed the fraud was the fact that he had found himself in difficult financial circumstances. He came to the realization that if he did not commit the fraud then he would have had to file for…
If she decides to give the results to the company that is sponsoring her, it is her responsibility and she is liable of suffering the consequences. In order to avoid ethical issues, Jane could organize these interviews as concerning consumers, as a statistical survey that she can publish in the university's newspaper, therefore becoming public knowledge. The identity of the surveyed restaurants should be concealed, otherwise it is unlikely that
Business Law Ethics Special Directions for Cases 1 -- 5: The following cases have been carefully chosen to represent several of the most pressing ethical dilemmas facing American business today. When answering the questions at the end of each case, consider the ethical character trait or traits that would guide your decision-making. Avoid the theory of subjective ethics. Be less concerned with the "right" answer and more concerned with applying the
Business and Ethics The business ethics checklist Organizational Decisions-Making on Substandard Products Unaccountable products from companies or manufacturers are often regarded dangerous, unsafe and substandard, both by the target consumers and government. Unfortunately, toy products stand among the most affected group of items within the field of production. Sub-standard products are those that do not meet the legal and safety standards and/or qualities set by the pertinent authorities. Such products may result due
In the face of industry or leadership standards which may divert from a sense of personal ethicality, Merrill suggests that it must largely fall upon the individual to find an ethical and professional compass. The belief presented here by Merrill that there are larger industry forces at hand which may undermine ethical tendencies is further supported by Nagel's article, Ruthlessness in Public Life. Here, Nagel makes a devastating but categorically
This would have been a truly unethical action. The second objection that can be brought to the sustained thesis is represented by the fact that censorship is a violation of several human rights. These rights include the right to freedom of speech, the right to self-expression and the right to be well informed. It might be argued that Google made a mistake and created a precedent, proving that totalitarian regime
The second category is the expedited category where there is minimal to moderate human contact and low to moderate levels of risk. The last category is the full category where there is moderate to maximum human contact with moderate to high levels of risk. The Saybrook IRB policy specifies how each of these categories is reviewed Saybrook Institutional Review Board, 2012, pp. 7-9() The Saybrook IRB procedure begins with sending