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Business Ethics And Personal Ethics In The Business Environment

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Ethics are moral principles that govern a person’s behaviour. This is the definition of ethics that is personal ethics. There are other types of ethics such as business ethics which are ethics that may focus on the economic activities. The other one is professional ethics which a group of people such as accountant, doctors and auditors have their own ethical standards. So a worker has to abide by the personal ethics, organisational and also professional ethics. An individual must always act ethical to receive good rewards (Louise Kretzschmar, 2012)
Corporate governance is the process of supervision and control intended to ensure that the company management acts accordance with the interest of the shareholders. This means that corporate governance ensures that there is a strong relationship between the company and it owners (shareholders) and various stakeholders. …show more content…

External auditors play a significant role in ensuring the financial statements are prepared with transparency ensuring that they do not mislead stakeholders, especially investor’s, lenders (banks). First, we going to explain the relationship between ethics and corporate governance, as we know that talking about corporate governance governing the business environment we partially referring to business ethics which workers have to comply with. Lastly, we discuss the governance role in auditing profession with the key focus on audit committee, external audit and internal

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