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A. Ethical Issues in Business

Ethical standards are derived from societal mores and deep-rooted personal beliefs about issues of right and wrong that are not universally agreed upon. Ethical issues in business can be divided into four areas: equity, rights, honesty, and the exercise of corporate power.

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31 views

A. Ethical Issues in Business

Ethical standards are derived from societal mores and deep-rooted personal beliefs about issues of right and wrong that are not universally agreed upon. Ethical issues in business can be divided into four areas: equity, rights, honesty, and the exercise of corporate power.

Uploaded by

fathma azzahro
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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A.

Ethical Issues in Business


Ethical standards are derived from societal mores and deep-rooted personal beliefs about issues of
right and wrong that are not universally agreed upon. Ethical issues in business can be divided into
four areas: equity, rights, honesty, and the exercise of corporate power.

B. Computer Ethics
three levels of computer ethics :
- Pop computer
- Para computer
- theoretical computer
Computer ethics
- A new problem or just a new twist on an old problem.
- Privacy.
- Security (accuracy and confidentiality).
- Ownership of property.
- Equity in access.
- Environmental issues.
- Artificial intelligence.
- Unemployment and Displacement.
- Misuse of computers.
SOA and Ethical Issues
Conflict of interest, Full and Fair disclosures, Legal compliance, Internal reporting of code
violations, Accountability.
C. Fraud and accountants
According to common law, a fraudulent act must meet the following five conditions:
1) False representation.
2) Material fact.
3) Intent.
4) Justifiable reliance.
5) Injury or loss.
- Employee fraud, or fraud by nonmanagement employees, is generally designed to directly
convert cash or other assets to the employee’s personal benefit.
- Management fraud is more insidious than employee fraud because it often escapes detection
until the organization has suffered irreparable damage or loss.
The fraud three angel

D. Internal Control Concepts and Techniques


The internal control system comprises policies, practices, and procedures employed by the
organization to achieve four broad objectives:
1. To safeguard assets of the firm.
2. To ensure the accuracy and reliability of accounting records and information.
3. To promote efficiency in the firm’s operations.
4. To measure compliance with management’s prescribed policies and procedures.
COSO Internal Control Framework
COSO (Committee of Sponsoring Organizations of the Treadway Commission). The COSO
framework consists of five components
1. The control environment.
2. Risk Assessment.
3. Information and communication.
4. Monitoring.
5. Control activities
IT Control
• General control.
• Application control

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