Ethical Issues Affecting Business Statistics

Fraudulent financial reporting is one form of corporate corruption and may involve the manipulation of the documents used to record accounting transactions, the misrepresentation of accounting events or transactions, or the intentional misapplication of Generally Accepted Accounting Principles (GAAP) (Crumbley, Heitger, and Smith, 2013). Examples of fraudulent schemes befitting of this category abound and usually involve financial statement items that have been misclassified, omitted, overstated, undervalued, or prematurely recognized. One case involving CEO Bill Smith of Moonstay

Sexual harassment and falsified data could happen in any company. It’s amazing how some situations are validated by those that initiate them. It’s not impossible for innocent actions to cause an ethical issue. Knowledge is power. However, falsifying data is plainly wrong. There is no way to justify this action. The best way to cut the existence of ethical issues is training and everyone striving to do what is right. Learning how to make ethical choices will only deepen our knowledge of ourselves and enrich our everyday

When confronted with an ethical issue, statisticians should address the issue directly and honestly without giving the customer the false hope that the problem will resolve itself or simply go away.   Philosophers, since the dawn of civilization, have developed approaches to ethical analysis.   Instead of a detailed systems history and analysis, the following general questions may be useful for statisticians to consider as a basis for ethical inquiry:1) Is there a duty to act in a certain way that is recognized and followed by others? [(Ross 1930], 2)  What are the consequences of the proposed action and will it benefit the most people?

The following section will be discussing: statistical ethical guidelines, ethical issues from a Christian World view, and ethical issues. By establishing what statistics guidelines are and what Christian World view guidelines are we can determine how to be ethical satiations in the work force.

Three general principles will guide the move towards sustainability. Firms and industries must become more efficient in using natural resources; they should model their entire production process on biological processes; and they should emphasize the production of services rather than products. Versions of the first principle, sometimes called eco- efficiency, have long been a part of the environmental movement. "Doing more with less" has

Personal religious beliefs should impact all decisions about business ethics. If your beliefs are truly mandated in your life, then you have no choice but to be fair and honest about your business decisions. Business decisions can sometimes be difficult and harsh, but that is no reason to comprise the integrity of what you believe in.

The problem to be investigated is the application of business ethics. In the business world, ethics are extremely important. Ethics are prime elements that help a business to grow and to become more productive. It is by applying proper business ethics that a business can operate in a moral or ethical business environment and managed to conduct all activities in a manner that maximizes profits while not compromising all other non-economic concerns(Schwab, 1996). Businesses have over the years failed to nurture business ethics in order to fulfill shareholders' interests and to have a culture that is oriented towards profit maximization and high performance(Jennings, 2012; Sims & Felton, 2006). This has led business to have gray areas in their activities. Gray areas are those situations or problems that do not fit exactly into any ethical analysis. These are the activities which may be represented to be immoral as a result of lying and false representations on the part of the business.

Ethics are crucial to the accounting profession and the business world, so choosing an ethics system to base your moral decisions on is extremely important. Accountants and all business professionals will be confronted with moral dilemmas on a daily basis. Being strong in your faith and knowing what you believe in will help you to always make the right decision. Based on this reasoning, this essay will explain why deontology is the best ethics system for the accounting profession.

The study is important because it examines the role of ethics in accounting. The research on identified problems is necessary due to vagueness of ethics concepts and its difficulty to

As a Christian that is going into the field of accounting and finance, I find that is extremely important to know what my ethical values are. When things get difficult in the workplace, I need to be able to stand up for my beliefs and follow them even when it may cause me trouble. In the world of finance, the most important goal is maximizing wealth and profits at all costs. This paper will look at some of the ways a Christian financial manager can re-act to some of the things that the finance industry will throw at them.

The three ethical issues that can be seen in the workplace involving the use of statistics is: purpose of the study/research, confidentiality of the data, and integrity of data. Before explanations can be giving about how these 3 ethical issues should be handled using a Biblical worldview versus a secular worldview, one must have an understanding of what these two worldviews entails.

Research is the systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions. Most people would agree that research for example, scientific research, should only be done under the assumption that it is for the advancement of humanity. Most people would also agree that the data obtained should be used for good and that there is no ethical alternative. Given this, my question is: How is it ethical to not use data, that’s already there, for good? This question is not necessarily the question over which many people have argued and continue to argue over. Rather, the question of debate happens to

Ethical issues have greatly transformed in our lives since the great Enron, Xerox and other huge corporations proposed big profits showing earnings of billions of dollars and yet in reality facing bankruptcy. These corporations faced great trouble with the federals and state for manipulating financial statements. But not only corporations can be blamed on this, accounting firms were involved in this as much as the corporations were. With the business stand point, ethics comprises of principles and standards that guide behavior. Investors, traders, customers, and legal system determine whether a specific action is ethical or unethical. Ethical issue is a vast subject, but we will look at the niche

Ethical and legal obligations apply to all members of society. As one in society, the obligation to act in an ethical, law abiding manner on a daily basis is vital to the integrity of daily life. Many professions have their own code of ethics. Financial reporting is not exempt from such ethical and legal standards. One’s lively hood depends on decisions made in the business world. Business transactions are done daily and can impact one’s economic stability. Trust is placed in the hands of corporate America and an obligation of financial reporting to reveal a complete honest and legal picture of an entity’s accounting practices is important in attaining trust. This paper will discuss the obligations of

It is necessary to build a sustainable relationship between the ethics and risk management. Firstly, the office in charge uses existing knowledge of risks to design a questionnaire or interview process, which asks key business-unit employees to evaluate the prevalence of known risks. In the second iteration, the corporate ethics and team cross-references data gathered from interviews in the business units to build a profile of