Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
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Students have asked these similar questions
How do the concepts of cognitive dissonance and organizational/ethical dissonance relate to whether an accountant might choose to blow the whistle on corporate wrongdoing?
Which among the following is not an objective of Whistleblowing?
a.
To protect Public Interest
b.
To take action against those who are wrongdoing
c.
To expose the Corruption
d.
To educate the investors to invest in the company’s share
Why have there have been so many business scandals mentioned in the media over the past few years? Have companies simply gotten worse, or have people become more sophisticated in identifying improper activity? What is the role of the Accountant? Sarbanes-Oxley, for example, has placed much more responsibility on the CEO and corporate officers? Are there additional laws that should be considered to ensure these scandals do not continue to occur? Should non-executives be held liable for corporate wrongdoing?
in 200 words, please.
Knowledge Booster
Similar questions
- what happens when director is being irresponsible in the company?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_forwardIs it true that IT governance is an issue for executives and top management. Lower-level managers and employees are outsiders in the process.arrow_forward
- Controversy tends to surround the topic of whistleblowers. For example, should they be considered heroes or traitors? Many pro-whistleblowing policies have been enacted by the federal government to allow these individuals to reap significant monetary rewards for coming forward and giving information about behaviors and actions such as corporate fraud and unethical deeds. Many corporate whistleblowers face negative consequences of their actions, such as reassignment, revenge, and hate crimes, and are seen as traitors (e.g., Edward Snowden and Gina Gray). Yet Sherron Watkins and Cynthia Cooper were celebrated as heroes. Look up the stories of Sherron Watkins and Cynthia Cooper. Why do you think that some whistleblowers are vilified and others made to be heroes?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_forwardHow can board members and senior managers actually monitor and control ethical behavior in a company?arrow_forward
- how do compensation plans, including bonus structures, drive behavior? How can transfer pricing, for example, lead to outcomes that are not in the best interests of the organization? What do you think about executive bonuses tied to stock prices in a public company? What other issues can you see with compensation plans?arrow_forwardKindly explain why large corporations have poor disclosures and accountability standards is a major problem of corporate governance?arrow_forwardWhat are some factors that can increase the risk that a corporation does not have a corporate culture that supports ethical decision making? Please explain.arrow_forward
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