This student shouldn’t have been expelled for his choice of words, because actions were not involved in the situation. You have the right to express your opinion in any way or form. Hann was kicked out for speech and only speech. I understand words could be offensive but there wasn’t any sort of physical combat that hurt other students for Hann to get expelled. In the press release Gregorian underlined the word actions, stating that rules don’t proscribe words they proscribe behavior.
The CEO and CFO must certify which control framework was used to design internal control. Finally, where a proportionately consolidated or variable interest entity, or a recently acquired business, is excluded from disclosure or internal controls, CEOs and CFOs must certify that this has been disclosed in MD&A The company is definitely moving in the right direction by using pre numbered invoices. This is an example of documentation control. The purchase of an indelible in machine would be another step in the right direction since the ink cannot be altered or erased. Printing your check with this machine will help reduce errors and fraud.
As an auditor one is required to remain objective, an auditor should at all times remain independent in fact and appearance. They should take special precautions to assure there is no conflict of interest. An auditor is required to make an unbiased opinion on the financial stability of an organization (Schumerhorn, 2012). It is customary to charge a fee for auditing services, this is how auditing firms produce revenue to support their business and employees. However if this fee comes from the agency in which is being audited this firm is subject to scrutiny in regards to the audit.
Integrity is under section 110. This fundamental principles is most important element in accounting profession. This is because integrity need accountant to be straightforward and honest in all professional and business relationships. In this principles also restricted accountants from any benefits or advantages for themselves only. That why ethics should be taught in accounting subject so accountant will be honest, candid and forthright with financial
Enron Corporation Business Law Enron Corporation Describe how Enron could have been structured differently to avoid such activities. Enron could have been aware of the agents are doing to avoid all the scandals that were going on in its company. Enron should have never used its stock value as collateral to obtain loans from its partnership. The partners in the corporation should have known that these techniques were unethical as well as illegal. As stated by Gilman, Hamed, Navran & Brown (2010), the ten things a company can do to avoid being the next Enron includes: Examine your ethical climate and put safeguards in place - Corporations are composed of cultures.
These companies make a point of following the law to ensure that others cannot take legal action against them. For example, a company may create more waste than necessary, but it will remove of the waste in a legal method rather than dumping it illegally. Accommodating An accommodating stance signifies that a company believes social responsibility is important -- and perhaps as important as making a profit. These companies satisfy all legal requirements and attempt to meet ethical standards. An accommodating company does not
As the CEO of the company, Ebbers should play an important role in ensuring the company conducts business in accordance with the law and is on the right track. However, in the case of WorldCom, person who involved in fraud were the ones from the top management. When the top management has involved in fraud, they will use their power to cover offenses committed by them. Although employees of WorldCom know the fraud made by the top management, they have no right to object the top management decision as WorldCom implement a systemic attitude conveyed from the top down which employees must simply do what they were told and should not question their superior. They are afraid if there are any inevitable consequences when they are doing so.
To illustrate, United States law forbids companies from paying bribes either domestically or overseas; however, in other parts of the world, bribery is a customary, accepted way of doing business. Similar problems can occur with regard to child labor, employee safety, work hours, wages, discrimination, and environmental protection laws. Traditionally, business ethics was considered to be a very controversial notion because even nowadays some people
Discuss how Greater Providence Deposit & Trust might improve its control procedures over the disbursement of loan funds to minimize the risk of this type of fraud. In order for any organization to avoid any type of fraud would be to have good internal controls in place. Good internal control requires that no single employee be given too much responsibility over business transactions or processes (Romney & Steinbert 2010). An employee should never be given the opportunity to be in a position to commit and conceal fraud. In the case of Greater Providence Deposit & Trust the organization did not have proper internal controls in place.
I believe that organizations regardless of the business sector and the employees that are employed deserve to have a workforce that is working within ethical and legal means. Providing the employees an anonymous avenue to bring the actions without having retaliation is good for the company as well as the workforce. 2. How might self-fulfilling prophecy affect a whistle-blower’s search for incriminating evidence against a company? Interpretation of a situation by an individual may be considered as unethical or of some kind of wrong doing when in fact it may be something that the company may have more going on and the individual was not in the need to know part of the situation.