FRAUD AND CORRUPTION
COURSE: BUSINESS VALUES AND ETHICS
ASSIGMENT: FRAUD AND CORRUPTION
TABLE OF CONTENTS
Introduction……………………………………………………………...3
Ethical issues………………………………………………………….....3
Impact on organization………………………………………………....3
Measures to be enforced………………………………………………..4
References………………………………………………………………6
INTRODUCTION
Fraud and corruption is one of the biggest issues that the society is facing and is also one of the most challenging issues that have yet to be tackled worldwide. Organizations end up losing a lot of profits due to the scrupulous nature of its employee’s fraudulous activities. Fraud and corruption is like a cancer, it can spread everywhere, it can be done to people, by people and people always end up suffering. It requires the effort of all individuals to curtail it.
Ethical issues identified
The organization is made up of different ethnic and cultural groups, employees tend to owe allegiance to members of their own community. This normally occurs mostly during the recruitment process whereby the interviewer selects a relative to take up a position for which he or she is not qualified and end up discriminating the rest of the qualified applicants thus promoting corruption in the organization.
Some people lack integrity thus do not care what other people think of them when they commit fraud. Such persons are ethnocentric and lack self image and perception thus can only think of themselves when conducting fraud and not of how the organization will be affected.
Due to lack of adequate training employees end up not knowing what their jobs entail and are thus caught in the web of fraud and corruption due to influence from others who might channel them in the wrong direction and enticing them to be corrupt.
Greed can also be an ethical issue as people tend to be ethnocentric
ASSIGMENT: FRAUD AND CORRUPTION
TABLE OF CONTENTS
Introduction……………………………………………………………...3
Ethical issues………………………………………………………….....3
Impact on organization………………………………………………....3
Measures to be enforced………………………………………………..4
References………………………………………………………………6
INTRODUCTION
Fraud and corruption is one of the biggest issues that the society is facing and is also one of the most challenging issues that have yet to be tackled worldwide. Organizations end up losing a lot of profits due to the scrupulous nature of its employee’s fraudulous activities. Fraud and corruption is like a cancer, it can spread everywhere, it can be done to people, by people and people always end up suffering. It requires the effort of all individuals to curtail it.
Ethical issues identified
The organization is made up of different ethnic and cultural groups, employees tend to owe allegiance to members of their own community. This normally occurs mostly during the recruitment process whereby the interviewer selects a relative to take up a position for which he or she is not qualified and end up discriminating the rest of the qualified applicants thus promoting corruption in the organization.
Some people lack integrity thus do not care what other people think of them when they commit fraud. Such persons are ethnocentric and lack self image and perception thus can only think of themselves when conducting fraud and not of how the organization will be affected.
Due to lack of adequate training employees end up not knowing what their jobs entail and are thus caught in the web of fraud and corruption due to influence from others who might channel them in the wrong direction and enticing them to be corrupt.
Greed can also be an ethical issue as people tend to be ethnocentric
References: • Fisher C. and Lovell. A. (2006) Business Ethics and Values. (2ndEd) Prentice Hall. • (Audio Visual aids) “Fraud and Corruption.” Media for Development Trust.