From Sparks to Fired Essay

Ethics should form an integral part of every organization. Most companies have a manual that lays down guidelines regarding ethical practices in their organization. People associated with the company should abide by these guidelines.

Internal controls are the measures a company takes to do accomplish two primary goals; protect their assets from employee theft, robbery and unauthorized use. Internal controls are also used to increase accuracy of company financial information, reducing the risk of errors (accidental) and irregularities (intentional) (Weygandt, 2009).

The first recommendation that will set the tone for the company when it comes to ethics is to include a value statement into the ethics program. Ferrell and Fraedrich (2016, p. 225) contend that a value statement is unique because it establishes the abstract values of the organisation that guide the employees as opposed to laws created for compliance. They further note that both the value and compliance programs can be integrated to complement each other, the value program is momentous for building a culture that can last even without the need for complying with the law (Ferrell & Fraedrich, 2016, p. 225). Thus, the values included in the ethics program will set the standard

There are hundreds of books about business ethics. University business schools have courses devoted to the need for business leaders to establish and enforce strong ethical standards. All of the experts in the field agree that company’s ethical behavior is heavily influenced by top management. And it’s up to top management to require training to internalize ethics.

There are many rules companies must follow whenever documenting financial information or any other data which is gather during any business transactions. In order for said companies to report financial information internal controls have to be put in place as companies have to adhere to certain laws and regulations. Internal controls can be defined as a process which companies follow in order to ensure all financial reporting is done in a reliable and lawful manner. Some think of it as a system which works within a system as it plays a major role on the success of a company’s accounting system. At the organizational level, internal control objectives relate to the reliability of financial

Ethics is a word that most described with doing what is right, and to be a company that wants to supply a good or service to people, doing what is right is a quality that company would want to have. One of the first companies that comes to mind when I think about integrity would be United Services Automobile Association also known as USAA. This is an insurance company that has so much to offer other than just insurance like banking services. USAA is a company that started with a noble cause of just wanting to help those who have served this country by providing discounted rates on insurance. When you go to USAA online website, you will find “Service. Loyalty. Honesty. Integrity. Our core values guide everything we do,” and this is literally how every employee under this company’s name serves each one of their customers.

Besides, an ethical organization starts with accountable leadership. Controlled by the human recourses other high-level executives must set a high moral code of honesty and trustworthiness to which they hold themselves and everyone in their organizations accountable. Leaders of ethical organizations also set internal rules of conduct, such as restrictions on email content and the appropriate use of social

Businesses should make it imperative that its officers, directors and employees act at all times in an honest and ethical manner in connection with their service to that particular company. The principles of integrity and accountability are the cornerstone of that companies' success. This code of business conduct and ethics sets basic principles to guide all employees, officers, and directors of that particular company. All of the personnel and directors of that business should conduct themselves accordingly to avoid in fact and the appearance of improper behavior. Ethical business conduct calls for all companies and their personnel to assume responsibility for safeguarding and preserving that company's assets and resources in the

2.1) Internal and External influence is essential to any organisation that wants to be successful. The internal environment of an organisation refers to events, factors, people, systems, structures and conditions inside the organisation that are generally under control of the company. The external environment are those that happen outside of the organisation that cause change inside organisations and are, for the most part, beyond the control of the company.

It is important to enforce good ethics in the workplace so that trust may be a result. Employers must be able to build trust around their employees and visa versa. Employees must also be able to trust fellow employees. When bad ethics are being displayed by an individual or group of individuals, it is hard to gain trust in the workplace. Without trust, the bad ethics multiply.

If anything it should be displayed and be promoted the most, and should be a part of a quarterly training so that it stays fresh in the minds of management as well as employees. When top executives practices ethical behavior, it behooves their employees to follow suit. Financial management tends to create a variety of problems, hence the importance of why a financial institute or an accounting firm should ensure that their ethical standards include discretion, honesty, fairness and proficiency. Therefore, when at a crossroad in making the right decisions, management will be able to look back at the company’s ethical standards which will assist them in making the right decision.

Ethics are principals that practice in everyday life, helping individuals make a decision on what is right and wrong, and then doing the right thing. However, to find the answer, it is not always clear when researching for the solution, especially when company is trying to be known as a diverse environment. Most ethical dilemmas will required judgments depending on the circumstances. It is vital for managers to learned how to distinguished the morals when making the final decision because ultimately, if managers choose to do unethical. The results can affect several people that works within the organization, and company’s image to the society. With that said, corporation try to eliminate unethical behaviors that can affect

What is internal control? Why do we need internal control? The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines internal control as a process, effected by an entity’s board of directors, management and other personnel, designed to provide “reasonable assurance” regarding the achievement of objectives in these three categories: effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations (Reding et al., 2013). Internal control encourage sound management practices and to provide accountability. It neither is one person’s responsibility nor a job that can be done by one person. Internal control is everyone’s responsibility in the organization.

“According to a global survey of almost 500,000 employees, efforts to promote ethics are associated with better business performance. In high-integrity company cultures, employees were far less likely to see significant business misconduct. And at companies where employees were encouraged to speak up about wrongdoing, financial returns to shareholders were higher” (Bateman and Snell 174).

Moral and ethical integrity is a major factor that affects the success and productivity of an organization because of its impact on the functions of management and the management team. As organizational ethics has increasingly become an issue of major focus resulting in organizations to face huge dilemma, there have been several questions on who should manage ethics and integrity in the firm (Segon, n.d.). In most cases, organizations tend to delegate the ethics function to the human resource management practitioners or department. This is primarily because organizational ethics is largely related to the type of employees within an organization. Notably, the development and establishment of organizational ethics is regarded as a complex