Therefore, a professional accountant's responsibility is not exclusively to satisfy the needs of an individual client or employer. A professional accountant and auditor shall act in accordance with the following fundamental principles: a. Integrity - The auditor or the professional accountant must be straight and honest in the pursuit of professional relationships. Integrity also means decent and truthful dealing. b. Objectivity – The auditor must not allow prejudices, conflicts of interest or external influences to dominate professional or business judgments.
A company’s leadership is also involved training to handle the unethical dilemmas. An environment that practices ethical leadership, must have written codes of ethics on which an organization’s culture get to develop. Ethical compliances are also involved in the development of corporate social responsibility. Recommendations Although L’Oreal is ranked as one of the top ethical organization, there is always a placed to improvement. Here are some recommendations for the company that can improve the ethical leadership practice in the company.
Next, with integrity it is said that, “We uphold the values and principles of P&G in every action and decision. We are data-based and intellectually honest in advocating proposals, including recognizing risks” (p. 3). P&G employees must follow the rules and respect the laws. With trust comes confidence in not only P&G colleagues but with the customers and consumers. In order to build relationships there has to be a foundation of trust.
Companies should always come up with new ideas; to stimulate ethical procedures and reinforce the ethics in the work environment.We cannot forget that ethics can be connected to Transparency; and companies that have transparency and Ethical corporate behavior transmit the idea that they are aware and completely responsible for what they do, and employees and clients have the right to get an explanation of their actions or decisions made. Why do you think there are many companies that employees are willing to wear many hats and do nothing by halves? Because they are treated with respect and transparency is part of their work routine with their superiors. When a company has transparency it means it is not trying to hide anything and it is able to explain its behavior without a problem to others. The level of probity and integrity needs to increase inside a company, to stimulate its employees to do what is morally right and avoid misconduct.
Punctuality is a virtue. It imparts efficiency and shows that you respect the person’s time and more so, you respect yourself enough to keep your word. You let others know that you are trustworthy. It displays you as an organised and professional being that has full control of your life. Thus, building a good reputation and career for yourself.
CSR will create a trustworthy image of KFC, because people will trust the business which help and support them. KFC can build good relationship with customers and public by implementing CSR. Respect can be shown when KFC launches CSR programs. When KFC implement CSR program they must show their professionalism and ethics. KFC has to keep in mind the principles of professionalism and ethics.
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.
Obyektivitasnya is a quality that gives the value of the services provided to members. The principle requires that members brought be fair, impartial, intellectually honest, not biased, and free from conflicts of interest or under the influence of other parties. • competency and Precautionary – hatian Professional Each Member must carry out professional services with hearted – heart, competence and diligence, as well as have a duty to maintain professional knowledge and skills at the level required to ensure that a client or employer benefit from professional services and the most advanced techniques. This means that the Member has an obligation to perform professional services with the best of the good – in accordance with its capabilities, for the sake of the interests of service users and is consistent with the responsibilities of the profession to the public. •
A code of ethics is a collection of principles and practices that a business believes in and aims to live by. A code of business ethics usually doesn't stand alone, it works in conjunction with a company's mission statement and more specific policies about conduct to give employees, partners, vendors, and outsiders an idea of what the company stands for and how it's members should conduct themselves. In writing organisational ethical code, the following has to be considered: Professional Accountability Interpreters accept responsibility for all professional decisions made and actions taken. (a) Confidentiality • Employees of the organisation will respect the privacy of consumers and hold in confidence all information obtained in the course