Interpretation: This website is about how variety of reasons exist to have proper ethics and ethical behavior. The explanation is also about how the accounting profession is related to sensitive information of each individuals, their clients such as social security or bank account numbers. And this website has observed how being ethical in accounting can give a power to accountant to maintain trust between their clients which cannot be abused. Analysis: Ethical and unethical There is variety of reasons to have proper ethics and ethical behaviour. Accounting profession is related to sensitive information of each individual, their clients such as social security or bank account numbers.
This dimension takes into account attitudes concerning professional identity, stereotypical views about each other, and the historical legacy about status and professional knowledge. 2. Collaboration and team-work (knowledge and skills needed). This
The unrealistic expectations of external users of financial statements to assume that an auditor remains totally impartial to client influence is a conclusion drawn from psychological research. The legal system forms the opposite view and has determined that external users should be able to rely implicitly on an auditor’s determination. Accounting standards have set expectations of auditor independence and neutrality. (Max H. Bazerman, 1997) The entire concept of professional scepticism and its application is the true and fair representation of financial statements to the users of these
In strategic people management staffs are considered integral parts of the company seem to be valued and committed to the organization's objectives. There is a sense of belonging; it creates a relationship of mutual commitment, in which the employer treats the employee, not as a cost to be controlled, but as an asset to be developed. According to Wright and McMahan (2011; 100), organizations are made of people and usually depend on them to achieve their goals and fulfill their missions. For people, organizations constitute the means by which they can achieve several personal goals with a minimum of time, effort and conflict. 2.3.
In some cases, teamwork performance is defined directly from the behaviour of workers (Ricky, 2011). Definitions of performance are many, but include some commonalities. The concept is sometimes defined as the adoption of a particular course in order to fulfil favourable conditions for the functioning of the organisation, particularly with respect to compliance of working conditions and environmental and organisational policies and procedures. In this context, teamwork performance is also designed as behaviour to meet the expectations of the organisation and to comply with regulations or demand of the role (Radoff, 2007). It is therefore of intra-role performance, that is to say that people fulfil the roles prescribed for them.
Managers and CEO’s should have a positive character because they influence others. A manager’s role in a company is to run and manage the daily operations of the company. Therefore, it is especially important in mangers. A manager who has a good character ensures that things are done correctly in the organization. A manager who has a good character also
Professional accountants are required to comply with the fundamental principles of APES 110 code and apply a “conceptual framework approach” to determine their compliance with the fundamental principles whenever they know that circumstance or relationships may compromise their compliance. While the onus is on the professional accountant to do this, the bulk of APES 110 code of ethics describes how the conceptual framework applies in specific situations, for example when receiving gifts or other inducements form a superior may threaten corporate accountants objectivity. Like the FIA code, the APES 110 provides guidance for the more common but certainly not all practice situations. in all the other instance, once a threat is identified, the APES 110 requires a professional accountant to evaluate the significance of the threat and if the treat is insignificant, no further evaluation is required, or if the threat is significant than consider whether safeguards could eliminate or sufficiently reduce the threat to an acceptable level. Despite the principles vs. rule argument, the APES code of ethics does contain de facto rules, in several instance the code states that the threat are so significant that no safeguards can be applied to reduce or eliminate treats to an acceptable level for example, an audit team member could not own
It is essential for individuals and those representing an organization to understand what is an ethical dilemma. Wells Fargo financial corporation was involved in a dramatic ethical issue due to millions of unauthorized bank account openings. As explained in The PLUS Ethical Decision-Making Model, “many organizations battle to develop a simple set of guidelines that make it easier for individual employees, regardless of position or level, to be confident that his/her decisions meet all of the competing standards for effective and ethical decision-making” (n.d). The Wells Fargo scandal is evident prove that employees lacked ethical judgment and management supervision. The seven ethical decision-making steps foster straightforward thinking that
It takes skill and hard work to be a professional, but anyone can be a professional if they work hard to improve some professional qualities that they lack. There are a great number of qualities an individual needs to have to be considered professional; I have many of those qualities while some could be improved. Through practice, responding to feedback that I receive, and observing a professional can help me become the professional I want to be I have
In an industry that is considered ‘rough’, it is of the utmost importance to display professionalism and to follow-through with everything you say and do. Being able to speak with knowledge and confidence comes only by taking the time to become a professional in selling your product and service. Additionally, professionalism can be displayed through the communication methods you employ throughout client relationships.
In essence, when an organization works with satisfied employees, the employees will try as much as possible to ensure they have a sustainable job through working for the benefit of the organization’s sustainability. One of the major ways is maintaining and increasing customer base. Practically, employees are always in touch with organizational customers. Their behavior towards the customers will determine whether the customers will return for the same services or
Managers who behave professionally set an appropriate example by encouraging their people to conduct themselves in a manner that supports company-wide success. This quality can have an impact on your ability to keep your job and progress in your career. So what can one do to ensure that he/she