What is the best strategy to improve U.S. business ethics? Multiple Choice Ethics must be taught in every business school around the globe. Congress must pass an ethics bill. Company leaders should adopt and support a corporate code of ethics. A company's suppliers must be thoroughly Investigated for ethical violations.
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![What is the best strategy to improve U.S. business ethics?
Multiple Choice
Ethics must be taught in every business school around the globe.
Congress must pass an ethics bill.
Company leaders should adopt and support a corporate code of ethics.
A company's suppliers must be thoroughly Investigated for ethical violations.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15b85cef-671a-492e-b5fa-0ec22bd0ac56%2Ff10227b2-b929-4305-8f88-efefa1a32e54%2Ffgcajfp_processed.jpeg&w=3840&q=75)
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- Many professional certifications now have requirements for ethics training. Define ethics. Why does the accounting profession put so much emphasis on acting ethically?Corporate governance is the starting point to create an ethical organization. Corporate governance should provide the ethical expectations and serve as the watchdog. Discuss measures that the governance board can put into place to establish ethical expectations.Business ethics is about managing ethics in an organizational context and involves applying principles and standards that guide behavior in business conduct. According to IFAC, “The decisions and behaviors of accountants should reinforce good governance and ethical practices, develop and promote an ethical culture, foster trust and transparency, bring credibility and value to decision making, and present a faithful picture of organizational health to stakeholders.” Explain how accountants and auditors can meet these expectations in a global environment and protect the public interest.
- Share your views on how auditing as a function can improve sustainable business practices, including ethical conduct. In your discussion, highlight the state of audit practices in Ghana vis-a-vis sustainable business practices and ethical conduct and suggest a conceptual framework of how the existing legal regime can interact with auditing to achieve the United Nation SDG goals. (2500 words needed).Issue: In the post-Enron environment, and with the enactment of the Sarbanes-Oxley legislation, many firms are proactively portraying themselves as being “ethical.” Ethical behavior is, for example, part of the Corporate Social Responsibility movement. This behavior includes many dimensions, from the ethical treatment of employees and the environment, to ethical financial reporting. Academic research has found a positive correlation between a firm’s reputation and its financial performance. Questions to be Answered: Do you feel that strong ethics makes good business sense? Why do you think that there is a positive correlation between ethical behavior and successful corporate financial performance?An individual's ethics is influenced by many factors. As a result, everyone's ethical reasoning differs. Companies and organizations create internal rules or codes of conducts to ensure consistent ethical behavior throughout the organization. The code of conduct outlines the expected employee behavior and potential consequences when violated. For accounting firms, the internal code of conduct is based on the expected professional conduct outlined by the American Institute of Certified Public Accountants (AICPA) Professional Code of Conduct. You decide to open an accounting firm that specializes in clients with global operations. Many accounting firms have created their professional code of conduct. Through research, locate at least 3 published codes of conduct. Then, write your firm's professional code of conduct that includes the following: How professionals in your organization approach culture and diversity issues Expectation for ethical behavior and procedures that should be…
- A written code of ethics for a business would be most helpful to company employees when identifying ethical and unethical situations. evaluating alternative solutions to an unethical situation. identifying stakeholders in a business decision that requires ethical decision-making. O weighing the impact of business decisions on each company department.Companies have the moral obligation to conduct ethical operations. There are many cases where companies have different outcomes in their operations because of their interpretation of what ethics is. Why do accounting ethics and its application to operations create a wide variety of outcomes across companies?While the principles of good corporate governance may be fundamentally the same for all companies, there is a scope for creativity and innovation in applying such principles to the specific circumstances facing individual companies. The challenges of implementation are for each company to identify specific issues facing a corporation and fashion out solutions that fit its circumstances. As the Director of Audit of a multinational company, what role will you play in ensuring that good corporate governance practices within the company’s operations are in line with acceptable standards?
- Cecelia, a human resources manager, is working on an ethics policy for the company she works for. You advise her that ________ is the best support for ethical behaviour in an organization. Question 4 options: A) codes of conduct B) senior management support C) social audits D) senior management directives E) front-line supportHow can board members and senior managers actually monitor and control ethical behavior in a company?How should the CEO of a successful and growing US mobile phone company that plans to expand to a new country that is likely to develop into a huge market deal with the dilemma of the necessity to engage in bribery to be allocated operating frequencies in the new country, and the company’s desire to uphold its model ethical leadership, and maintain the culture of integrity, and honesty, which have given the company an excellent reputation among its customers and suppliers.