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The concepts in this article relate and apply to my former organization because the organization did strive to maintain the highest ethical standards, and did treat their clients professionally and ethically. It was a good model for a young accountant to follow, and I do not believe they could improve on the organization's ethics, unless they held their accountants to even higher standards of excellence. Ethics is primary in accounting and financial decision-making, because it is not only the reputation of the firm that comes into question. When firms forget who they are representing and use questionable ethical practices, they are not only harming their reputations. They are harming the reputation and integrity of their clients, and this is inexcusable. It will only harm the firm in the end, because their clients will lose faith in them, and they will turn to other, more ethically sound organizations.
Passed in 2002, the Sarbanes-Oxley Act holds corporate executives accountable...
The Act's impact has been mixed. While it holds executives more accountable, and it affects accounting and financial decisions, it did not foresee the great Wall Street and mortgage loan influences that nearly bankrupted the country beginning in 2008 and it certainly did not aid in the ethics and accountability of those industries. While some people may feel the Sarbanes-Oxley Act went too far in corporate reform, many others may feel that it did not go nearly far enough in protecting the American people from unethical and underhanded business practices.
References
Longnecker, B.M. (2004, May). The Sarbanes-Oxley Act: Altering the fabric of American business. USA Today (Society for the Advancement of Education), 132, 28+.
Smith, D.L. (2003). A fresh look at accounting ethics. Accounting Horizons, 17(1), 47+.
They will also examine the importance of ethics classes in college. They will pave the way for future research into actions that can be taken to address the problems that currently exist within the accounting profession. They will play an important role the improvement of college curriculums so that they can be better prepared to meet ethical and moral challenges of their chosen profession. This study represents the first
ethics is and I will link this to my own belief system. According to Baird (2012), the study of ethics has the objective to make people reflect on two particular topics of interest: the individual and the community, namely what kind of people we want to be and what kind of community we want to live in. This is why, as Baird pointed out, the discussion about ethics, business
Given this priest is able to coax and created situations where boys are with him alone is even worse. In short, the counselor in this situation has no choice but to step in and say/do something. To make a final decision, it would normally be wise to do some information gathering and to truly find out for sure whether or not this man has offended or not. However, the only
Financial Stakeholders in a Business Main financial stakeholders, their power and influence in a business Stakeholders refer to people affected or have an interest in the objectives and operations of the business. The business has a variety of stakeholder segments, which have been broadly categorized as follows: The classification of stakeholders varies in terms of interests to the activities of the business and their power to influence key decisions. The fact is
(Snyder & DeBono quoted in Kjeldal 2003, Introduction section, ¶ 6). The results from the study Kjeldal (2003) conducted with 70 participants in two stages suggest that the word association responses high self-monitors (HSMs) produce reflect selective activation of a personally meaningful, experiential, system. The responses low self-monitors (LSMs) produce, on the other hand, indicate an intellective factual system. 2. Decision Making Process Theories Dr. Bonnie Halpern-Felsher (2009), an Associate Professor at
……South African Municipalities Municipal Revenue Loss Reduction through Improved Municipal Valuation Methodologies:Balance Sheet Enhancement of South African Municipalities to Improve Rates and Taxes Revenue GenerationAbstractThis study examines the property valuation process of Municipalities in South Africa and develops a strategy for strengthening that process in order to more efficiently value properties and ultimately to enhance municipal balance sheets and increase revenue streams. This study proposes an innovative valuation method based