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¶ … slew of accounting scandals including Enron can be attributed to a loss of moral reasoning and professional moral judgment. As with any profession, accountants should be held to rigorous moral standards of conduct. Accounting advice and decisions are taken seriously by the companies they serve and therefore those decisions should be made with as sound and just a moral reasoning as possible. Higher education is the primary means by which accountants formulate their professional ethical codes of conduct and therefore ethics should be a fundamental feature of the professional accounting training curriculum. However, students in accounting programs score lower than their counterparts in other professional courses on moral aptitude tests such as the Ethical Dilemma Instrument (EDI).
The Transcendaental Meditation (TM) method is proposed as a means to teach moral reasoning to accounting students without requiring any change in course curricular content. Students in China will be taught the TM procedure, which requires a twenty-minute meditation twice per day. It is hypothesized that regular TM practice will bolster ethical decision-making and ethical reasoning, especially as those skills relate to the accounting profession. Moreover, TM should have a measurable effect on personal value systems, measured by the Rokeach Value Survey (RVS). Moral judgment will be measured by the Define Issue Test (DIT) and the Socialmoral Refection Measurement- Short Form.
If, as hypothesized, TM creates a measurable effect on personal value systems and moral judgment in the population sample of accounting students, then this research has profound implications for the profession including the following. First, the effects of TM would improve the caliber of practice and therefore improve the reputation of the accounting profession. Second, educators could incorporate ethical discourse into accounting school curriculum and/or incorporate TM practice to accomplish the same goals. It is believed that an improvement in moral and ethical judgment will have a positive impact on the accounting profession and on the clients it serves.
Sarbanes-Oxley Act of 2002 is will probably be known as one of the most significant change to federal securities laws in the United States since the New Deal. The act was passed after a series of corporate financial scandals made the national news, which included a slew of companies such as Enron, Arthur Andersen, and WorldCom. The most notable provisions of the act include such items as both criminal and
An increase in the number of businesses, changing financial laws and regulations, and increased scrutiny of company finances will drive growth. In addition to openings resulting from growth, the need to replace accountants and auditors who retire or transfer to other occupations will produce numerous job openings in this large occupation." Following a slew of recent accounting scandals (does Enron ring a bell?), federal legislation was passed to increase penalties,
A lower-performing recruiter was paid $32,000 for 79 students, a rate of $405. Apollo was therefore paying more per student from the top recruiters. Therefore, the commission structure did not make sense from the company's perspective, if we assume that over time only the highest-paid recruiters will remain. It is recommended that the commission structure be scrapped entirely in favor of system that delivers a lower per student payment
Leadership and Organizational Change Potential in the NFL Organizational Problem or Opportunity Description of the Problem or Opportunity Purpose of the Investigation Management/Business Audience Summary of Section Highlights Problem or Opportunity Background • Current State of the Target Organization • Relevant Organizational Processes or Systems or Functions • Relevant Theory Risk Management Organizational Change Lewin's Change Management Model McKinsey 7-S Model Kotter's 8 Step Change Model Leadership Corporate Social Responsibility Investigative Steps Investigative Approach and Design Strategies • Investigative Approach • Theory Thread Strategies • Data Collection and Preparation Strategies Investigation Parameters or
In this scenario, the forum makes an attempt to recognize the specific circumstances of each case, making serious efforts to hold each member of the organization liable "in so far as, and according to the extent to which, he has personally contributed to the malperformance of the agency" (pp. 191-192). 8.5.1 Turning to the actual question of why public accountabilities are necessary, Bovens expands upon five crucial functions that public accountability
Though the director claimed to have no knowledge of the accounting fraud, analysts wonder what other than his silence could possibly warrant such a high compensation package (English 2002). This is yet another company where slews of jobs were lost, pensions and benefits disappeared, and yet many top executives received lucrative compensation and severance packages, five years before any TARP funds were available to provide them. There is some hope