Ethics and Moral Values in the Accounting Profession
Values and Morals in the Accounting Industry
The important questions to be addressed are taken from the "…business ethics/corporate social responsibility literature, oriented towards business enterprises but also of relevance to professional bodies: whether being ethical ‘pays' in financial terms; and whether formal codes are useful in promoting ethical behavior…" (Cowton, 2009, p. 177).
Introduction
Accountants are charged with carrying out ethical and moral decisions in their everyday work, but judging from some of the scandals in recent years (Enron, WorldCom, the Anderson Accountancy, etc.) not all accountants are up to speed with those ethical and moral decisions. This paper reviews the judgments that accountants should be making based on morality and ethical values, whether the accountant is working for a multinational corporation or for a small business with only half a dozen employees.
Five Emerging Ethical Issues for Business in the 21st Century
This paper identifies and discusses five emerging ethical issues for business organizations in the twenty-first century. The forces of globalization have increased the degree to which diverse groups in society have grown dependent on one another. Hence, their expectations influence the freedoms and responsibilities of other groups. The expectations of various stakeholders have placed greater responsibilities on business organizations to be ethical in their communication with their stakeholders. Business organizations are under growing pressure to be ethical in their employment practices and in the sourcing of raw materials and labour for their operations. In addition, they are expected to recognize their responsibility towards the economic and social development of the communities where they operate and those that they influence through their operations. Hence, business organizations are also responsible to act ethically in relation to their use of the resources of the environment and to the extent that they influence it in adverse ways, such as by polluting it.
Enron Scandal: Fraud, SPEs, and Corporate Collapse
Enron was the seventh-largest corporation in the world. Enron Company was divided into five distinct parts including; Wholesale Services, Transportation and Distribution, Broadband Services, Retail Energy Services, and…
Human Capital Analysis, Corruption, and Corporate Transparency
¶ … automated age, human capital is very important in any company. In corporate organization, the significance of recruitment and the retention of human capital (HC) is critical in order to create the ongoing innovation…