Ethical Behavior at the Workplace - 1061 Words

7. A perceived lack of integrity caused irreparable damage to both Andersen and Enron. How can you apply the principles learned in this case personally? Generate an example of how involvement in unethical or illegal activities, or even the appearance of such involvement, might adversely affect your career. What are the possible consequences when others question your integrity? What can you do to preserve your reputation throughout your career? A perceived, or even likely more detrimental to one’s career, a proven lack of integrity, can cause damage to a career in many ways. Integrity is an important foundation in client and employee/employer relationships. Integrity equates to placing trust in an individual that he or she will conduct†¦show more content†¦9. What has been done, and what more can be done to restore the public trust in the auditing profession and in the nation’s financial reporting system? The enactment of the Sarbanes-Oxley Act of 2002 was an effort to make sweeping changes to restore public trust in both the accounting profession and financial reporting performed by companies. Given the problems in the case of Arthur Andersen and Enron where both the external audit firm and management made unethical decisions which caused public trust to erode, these sweeping changes were necessary. In addition to the changes required of external audit firms, as discussed in question #8, the Sarbanes-Oxley Act created additional requirements of companies related to the accuracy of financial reporting. The Act began requiring CEOs and CFOs to certify in the financial statements of public companies related to the accuracy of financial statements (â€Å"report†). Specifically, the certification requirements require certification that: †¢ they have personally reviewed the report; †¢ based on their knowledge, the report does not contain any material misstatements or omissions; †¢ based on their knowledge, the financial statements and other financial information included in the report fairly present in all material respects theShow MoreRelatedEthical Behavior, Deviant Workplace Behavior810 Words   |  4 Pagesanother state. My career exposed me to ethical behavior, both good and bad, in the workplace, I also was able to view firsthand, deviant workplace behavior. My experience with both concepts came during my previous career in city government. After thirty years in city government, I had the misfortune to have my career be manipulated by the unethical behavior by an executive director in conjunction with deviant workplace behavior by my subordinates. Ethical Behavior As stated in the textbook, managersRead MoreEthical Ethics Of An Ethical Corporation Is Not An Oxymoron1645 Words   |  7 PagesAn ethical corporation is not an oxymoron. History is littered with tales of deceit and corruption. Human conduct towards ethics in today’s workplace is an important issue; recent headlines show consequences of unethical behavior on both companies and employees. Contained within the basic code of ethics in the workplace are words like, trustworthiness, respect, responsibility, fairness, (Chatov, 1980). Consider questions like, is it ethical to take office supplies from work for home use, or isRead MoreEthical Issues Of The Workplace1494 Words   |  6 Pages Ethical Issues in the Workplace Student’s Name Task 1 Helen is facing a big problem and challenge as well. This ethical concern can be termed as a challenge rather than a problem since it has not taken a side that can be considered as a problem. 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Cooper BSHS/332 Professional, Ethical and Legal Issues in Human Services April 16, 2012 Kathleen Roberts Everyday individuals are faced with issues associated with ethical dilemmas. Ethical dilemmas involve an individual’s behavior toward a moral standard, which may have been established from previous generations and passed along. In upholding the standards taught individual may be forced to take a particular action involving a decision when a behaviorRead MoreBusiness Ethics And Ethical Practices1503 Words   |  7 PagesBusiness ethics and ethical practices have been focuses by many businesses in recent years. Business ethics can help the company to create and develop it workplace culture as well as to increase the productivity of employees. Due to the rapidly change and improvement of technologies, ethical practices within of the workplace have also been changed with the raising of new ethical issues. 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Workplace ethics and behavior are a crucial part of employment, as both are aspects that can assist a company in its efforts to be profitable. In fact, ethics and behavior are just as important to most companies as per formance as high morale and team work are two ingredients for success. Every business in every industry has certain guidelinesRead MoreEthics And Ethics Of The Workplace1014 Words   |  5 PagesEthics in the Workplace What is Ethics and why is it an important part of the workplace? Ethics or moral philosophy is the branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct. (Wikipedia, The Free Encyclopedia) Decisions taken within an organization may be made by person or groups, but whoever makes them will be influenced by the culture of the company. A decision to behave ethically is a moral. Employees need to decide what they thinkRead MorePreventing Unethical Behavior in a Company1799 Words   |  7 Pagesï » ¿ Introduction The relevance of ethical behavior within an organization cannot be overstated. Regardless of the obvious need for the establishment of a strong ethical foundation within the organization, some businesses seem to shy away from the implementation of firm ethical practices. The lack of a strong ethical foundation in this case may motivate some officers of such businesses to engage in unethical behavior which could in turn end up costing the entity dearly. In this text, I discuss