ACCOUNTING MINICASE: ACCT – 17 TEACHING NOTES BUSINESS ETHICS PROGRAM Ignore the Error? Teaching Notes What Are the Relevant Facts? 1. Kelsey‚ the audit senior‚ knows a material cutoff error exists in Compo’s financial statements. 2. Compo‚ a major client of the CPA firm‚ does not want to make an adjustment for the cutoff error. 3. 4. What Are the Ethics of the Alternatives? • Contrary to the firm’s policy‚ Bruce‚ the audit manager‚ has asked Kelsey not to document the cutoff error. What
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executives. Proper system of internal controls and corporate governance were never in place. “In addition to a culture of anything goes accounting‚ Ebbers was strongly against producing a corporate code of ethics. According to the SEC report‚ Ebbers described efforts to produce a corporate ethics code as a colossal waste of time.”2 Fraudulent behavior at WorldCom was wide-spread because its culture established what is appropriate and expected behavior. Culture comes from what “top management says
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Business Ethics Case Study #1 Starbucks Starbucks is a business that has been around since 1971 serving a various amount of coffee for people all around the United States. This business started in the city of Seattle with getting port of coffee from around the world. Today they are international business getting in approximately $11 billion dollars a year. With this being said Starbucks is a very high pace‚ high traffic environment with all the stores giving a home feel to them so when you order
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possibly help me get a higher positioned job in the future. For myself‚ if I know telling Stewart is unethical and I still do it‚ I am going against my own moral values. By doing so‚ I am complying with Albert Carr’s way of thinking about business and personal ethics being separate. I would be complying with Carr’s thinking because I would be following Baconivic’s orders even though it goes against my own values. If I don’t listen to Baconivic‚ I could risk losing my job at the company. By doing so
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A business is not one that lives in isolation; it can be an integral part in a community’s success or demise and has social responsibilities to; the community‚ stakeholders‚ and anyone who may be affected by a company’s actions. Corporate social responsibility is a term that is never used lightly and is a key role in the development of a successful and morally healthy business. “The objectives of a corporation are to outperform its competitors‚ presumably through preferred competitive strategies”
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to garner more support in communities with stakeholders‚ as well as realizing that the global business world is more socially and environmentally responsible as a whole; they need to get with the program or be left behind. I still believe all of these measures are for the sole benefit for Wal-Mart to attempt to change public opinion of them‚ and not due to any real desire on their part to change their ethic culture. Even as they make changes that seem to be socially responsible and ethical‚ they are
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This paper about Monsanto Corporations Business Ethics Thesis Statement I will outline some of the ethical issues Monsanto Corporation has faced‚ I will focus on the predatory litigation of farmers that have been contaminated by Monsanto’s Genetically Modified seed and then sued for using that seed to plant subsequent crops. I will provide examples and citations of what I feel are unethical practices and cases involving Monsanto. Introduction “The Justice Department is investigating whether
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CHAPTER 1 – Understanding Ethics LESSON OVERVIEW The purpose of this lesson is to introduce the student to ethics. You will give students a basic understanding of ethics and show where employees face the dilemma of balancing their own moral standards with those of the company they work for and the supervisor or manager to whom they report to on a daily basis. CHAPTER OUTLINE The textbook outlines the chapter with the following seven headings. As an instructor‚ you can use the headings to focus
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VELASQUEZ Business Ethics. Concepts and Cases‚ 6th edn Advertising Death? In 2004‚ New York‚ Illinois‚ and Maryland – possibly to be joined by 30 other states – sued Brown & Williamson Tobacco Co (now part of R. J. Reynolds) for its “Kool Mixx” hip-hop promotions (CD-ROMs‚ DJ contests‚ hip-hop-themed cigarette packs‚ free magazines‚ free “Mixx Stick” radios‚ a website) as targeted at youth in violation of the 1998 tobacco settlement. Although the settlement prohibits ads aimed at teens‚ the
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February 19th 2014 BUS 440W Littman Corporate Actions And Business Ethics Roger And Me Assignment 1) “Is it right for General Motors to be closing their factory in the town of Flint Michigan? A town who’s residents rely on their jobs to support their families?” 2) After watching Michael Moore’s documentary‚ there is an abundance of information that suggests my ethical issue is valid. The town of Flint‚ Michigan relied on General Motors as the primary source of income for decades. Once
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