Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
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Unethical acts are generally committed by unethical people. What are some things companies can do to help ensure that their employees act ethically?
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- How would you handle an ethical violation committed by one of your employees?arrow_forwardDo you think there are any circumstances when you should go outside the company to report financial wrongdoing? If so, to what person/organization would you go? Why? If not, why would you not take the information outside the company?arrow_forwardHaving inaccurate financial statements that can harm society would correspond with the ethical perspective of distributive justice. Discussarrow_forward
- To what degree do you think individuals have a responsibility to act ethically within a corrupt system? How would an individual act ethically in this context? Please answer thoroughly and in depth. What legal reforms would you recommend that would make lobbyists more likely to act ethically? Why would you recommend these reforms and how might you implement them? Please answer thoroughly and in depth.arrow_forward1. Do you think that financial managers should be held to a higher standard of ethical behavior? 2. In the video on ethics and my article from the Conway Daily Sun, there were several examples of unethical behavior, Please discuss a real life example of unethical behavior either from your personal experience or from the news. What do you think can be done to change the unethical behavior, or do you think it can't be stopped?arrow_forwardHow does an accounting professional's commitment to the firm, the profession, and to colleagues influence whether he/she will blow the whistle on financial wrongdoing? What other factors, related to organizational culture, could contribute to whether or not a professional decides to blow the whistle on a financial wrongdoing?arrow_forward
- How does an investment advisor deal with a situation where he is convinced the client’s investment decisions fall outside his investment objectives and risk tolerance? What are the ethical issues?arrow_forwardHow do the concepts of cognitive dissonance and organizational/ethical dissonance relate to whether an accountant might choose to blow the whistle on corporate wrongdoing?arrow_forwardIn his research into the components of ethical decision making, Rest raised the following issue: Assuming someone possesses sound moral reasoning skills, “Why would they ever chose the moral alternative, especially if it involves sacrificing some personal value or suffering some hardship? What motivates the selection of moral values over other values?” How does Rest’s model deal with such a question? How would you answer it from the point of view of an accounting professional?arrow_forward
- Employees are more likely to apply their personal values to their behaviour when: those values conflict with the organization's values. the values are abstract. someone reminds them of those values. All of the answers are correct. None of the answers apply.arrow_forwardUnder the current system, the risk of engaging in criminal behaviours is evaluated by corporate managers who have very little to lose". Is this statement accurate or inaccurate? (Explain why or why not sufficiently)arrow_forward2. Which of the following is not a guideline of ethical conduct? a. Identify an ethical decision using your personal ethical standards of honesty and fairness. b. Identify the consequences of the decision and its effect on others. c. Make a decision that is in the best interests of the company; other parties affected are not important. d. None of these choices are correct.arrow_forward
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