Home » Accounting Dictionary » What are Ethical Standards? Definition: Ethical standards are a set of principles established by the founders of the organization to communicate its underlying moral values. This code provides a framework that can be used as a reference for decision making processes.
Ch 2- The Ethics of the CJ Culture 32 terms Iam_AngelicaG1989 Ethics 100 terms carlenebet Sets with similar terms Ethics: Chpt 2- The Ethics Environment
60 terms justen90 Ethics Exam 1 117 terms davidebrock Ch 2- The Ethics of the CJ Culture 32 terms Iam_AngelicaG1989 Ethics 100 terms carlenebet Sets with similar terms Ethics: Chpt 2- The Ethics Environment 14 terms StudyHavoc8 Ethics Chapter 1 36 terms taylor_beattie1 Ethics 1 96 terms EdiShi_ Moral Reasoning: An Introduction Chapter 1 36 terms
In order to meet the ethical standards of the accounting profession, Diane must be certain that she: The International Federation of Accountants (IFAC) research report, Rebuilding Public Confidence in Financial Reporting: An International Perspective, has as its goal which of the following?
Home » Accounting Dictionary » What are Ethical Standards? Definition: Ethical standards are a set of principles established by the founders of the organization to communicate its underlying moral values. This code provides a framework that can be used as a reference for decision making processes.
The company was founded by Robert Johnson, a marketing expert with a vast experience working with Fortune 500 companies. Robert has been struggling with a vague corporate culture that has been established within his company due to the lack of ethical standards.
This ethical standard puts a lot of emphasis on relationships, and how compassion for the fellow man should drive people to do good by others. Virtue. A virtue approach requires leaders to base ethical standards on universal virtues such as honesty, courage, compassion, tolerance, and many others.
Leaders have to develop ethical standards that employees in their company will be required to adhere to. This can help move the conversation toward using a model to decide when someone is in violation of ethics. There are five sources of ethical standards: Utilitarian.
It purposely leaves out anything related to making a profit so that leaders can focus on values instead of a potential impact on revenue.
honesty . justice . These were the general standards used by the CEOs in creating a decision about how they should deal with downsizing. While this is not a standard model, it does reveal the underlying ideas business leaders use to make ethical choices.
The intent is for people to be treated fairly and with dignity and not as a means to an end. Fairness.
The Character-Based Decision-Making Model was created by the Josephson Institute of Ethics, and it has three main components leaders can use to make an ethical decision.
In many ways, ethics may feel like a soft subject, a conversation that can wait when compared to other more seemingly pressing issues (a process for operations, hiring the right workers, and meeting company goals). However, putting ethics on the backburner can spell trouble for any organization. Much like the process of businesses creating ...