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Unethical business practices harm organizations and economies. Large-scale business failures such as Enron—as well as the more recent failures related to the global financial crisis—highlight the consequences of unethical business practices and amoral management. Professional accountants, as stewards of transparency and trust, and subject to a professional code of ethics, have a key role to play not only in upholding but in encouraging and influencing ethical behavior and decision making within their organizations. Read More
An article that considers the importance of independence in appearance as well as fact. It includes real-life examples of certain activities that may give rise to assertions of questionable independence in appearance and provides simple risk control principles to help accountants avoid these situations.
The independence of CPAs is the hallmark of the profession. As such, accountants put forth significant focus and effort to comply with independence requirements related to everything from investments to business and employment relationships to services delivered to clients. But being what accountants call independent in “fact” isn’t enough. CPAs also must be independent in appearance as well—a requirement detailed in various professional guidelines, including the AICPACode of Professional Conduct.
Informs those charged with fiduciary management of enterprises why ethics can no longer be treated as a discretionary cost to the business. Management of the ethical dimension is instead a significant contributor to financial success. This is highlighted through the use of examples of how leading corporations are integrating ethical management into business practices, change programs, and fraud, risk, and compliance systems.
Helps accountants and auditors understand the requirements in APES 110, Code of Ethics for Professional Accountants, with which CPA Australia members must comply. The standard is based on the Code of Ethics for Professional Accountants issued by the IESBA.
From Strategic Finance magazine, evaluation of three high-profile examples of companies with poor tone at the top—Groupon, Chesapeake Energy, and Enron.
This study aims to examine the relationship between four character strengths—integrity, bravery, perspective, and social intelligence—and the performance evaluations of top-level executives and middle managers in the same organizations.
A Discussion Report that argues "tone at the top" is one of the most important topics for improving the effectiveness of an organization. It also shows how accountants can play a role in establishing tone at the top.
January 26, 2015 - The Guardian
January 21, 2015 - Accounting Web
January 15, 2015 - Professional Standards
January 15, 2015 - International Ethics Standards Board for Accountants
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