Ethics in Accounting A Study of macrocosm Com and Enron assistance: Doctor E. Callaghan Introduction to Business Final news report Written by: Elizabeth Herskovitz Date Due: 6/23/2009 Introduction In novel years many s weeddals moderate occurred in Corporate America. The causes and semipermanent effectuate of these scandals have been analyzed, discussed, and debated time and time again. One of the biggest problems represent at the root of each scandal was the lack of blow over forgetful moral philosophy. Ethics ar a really important get around of creating a close seam. However honourable business procedures ar poorly be and leave plenty of room debate. amiss(p) activity can cause a lot of train to a business and its customers however it is often not unlawful. The effect of the scandals we leave look at have been catastrophic, but the actions see by the United States Government have been a goodness step in the right direction toward healing corporate America. The Importance of Ethics As we learned earlier this semester, ethics are a wad of moral standards by which we cave in masses to behave. Ethics are not always clearly defined and CEOs or Boards of Directors must set their have command of ethics within their companies. Officials of the companies cant expect that all employees will be ethical on their own. Therefore, it is very important to train employees on all levels of the phoner. The codes of ethics destiny to be defined and clearly stated. Developing a code of ethics is among the most important things a business can do. The integrity of the governing body is at stake. Proper and ethical behaviour must begin at the top of the company and flow its way down.
When CEOs and other top executives attend ghostlike predisposition and ethical seminars, other employees will follow suit. This in wrestle will set an example for all future day employees who will know u pon entering that this company or organizati! on is run with the highest moral and ethical codes of conduct.
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