Professional Ethics In Pescanova

The Wall Street bankers ignored the fact that the mortgages were risky is mainly due to the confirmation bias, specifically, the Anchoring Heuristic.

In mid-twentieth century, George Orwell published a novel titled Animal Farm. The tale features several characters, including one with the name of Napoleon, a tyrant who takes form of a pig. The animal has a deep lust for power and will not let any man, or in this case, animal, get in between himself and dominance. With great power, comes great influence. Napoleon never truly commits the crime of murder, but instead, influences the minds of others that lead to their deaths.

I am going to use the Purtilo & Doherty ethical approach to deal with the given case scenario. The steps are as follows:

o MCI auditors, failed to report the anomalies found during their audits, it was their intrinsic responsibility to advise the audit committee and shareholders which they never did, allowing

In review of the Enron case, executives higher up exploited their privileges and power, participated in unreliable treatment of external and internal communities. These executives placed their own agendas over the employees and public, and neglected to accept responsibility for ethical downfalls or use appropriate management. As a result, employees followed their unethical behavior (Johnson, 2015). Leaders have great influence in an organization, but policies will not be effective if they do not abide by the policies established. “ Enron: The Smartest Guys in the Room” demonstrates how the nature of people do not change, whether it’s terminating employees as way to handle issues, or ongoing fascinations for profitable advances. Enron’s collapse produced a culture that prioritized profitable gains.

When looking at the IMA Statement of Ethical Professional Practice, there were some steps that Betty Vinson could have taken to avoid any of the punishments that were given to her. Before following any of the IMA’s recommended actions of recourse, Vinson should have referred to WorldCom’s recognized policies on ethical behavior and follow the actions that they have written and approved to take. If WorldCom’s executives still were demanding her to falsify the journal entries after following her company’s policy, then the IMA would state that she should have discussed the issue with your immediate supervisor or the next level of management if her supervisor was involved in the unethical activity. One important thing to note with this, however, is that “Contact with levels above the immediate superior should be initiated only with your superior’s knowledge, assuming he or she is not involved (Institute of Management Accountants, 2005).

Human emotions are something that we seldom find a way to express clearly: from simple hand gestures, to a disgusted face. To understand his novel more thoroughly, Arthur Miller uses the most understandable method of comprehension, music, to express the emotions of the characters in his play, "Death of a Salesman". The characters, Willy, Linda, Biff, Happy, and Ben, have a certain style of music and instruments portraying them to show the reader what type of emotional person they are.

Businesses use workplace ethics to manage the behavior of the employees. Workplace ethics control management’s moral decisions and keep companies out of any type legal trouble. Some businesses break down their ethics in an official company code of ethics. Employees of companies that have no official code should rely on their personal ethics that they were taught and have learned. Ethics is defined as a moral philosophy or code of morals practiced by a person or group of people. In the workplace, ethics keeps the employers and the employees from doing the wrong thing. So when an employer or employee demonstrates unethical behavior what is the outcome? In December 2015, Fortune listed “The 5 Biggest Corporate Scandals of 2015”. Some

The bad corporate culture at Enron deeply contributed to ethics digressions while pointing out how it led to its bankruptcy. A corporate code of ethics as well as an organizational culture are not only essential and vital to a company; they represent the core of a long term success. Notwithstanding the presence of “The Smartest Guys in the Room”, Enron’s corporate culture did not succeed in creating an ethical environment inside the company.

An “audit failure” is a situation in which a professional auditor fails to detect a material error in the financial statements of the company they are auditing. The audit failure in the situation of Rita Crundwell the failure was exacerbated by the fact that the auditors continually signed off on the misstated statements for years. Crundwell is responsible for many of the deficiencies mentioned, such as the missing funds and the incorrect invoices. However, she is not the sole person responsible for this fraud. The lack of internal control is to blame, and this cannot be placed on a single person. The government should have separated duties and used

Undergraduate Medical Education: If the Behavioural concern or Mistreatment arises about the Learner and may require an intervention, it may be addressed through the Student Conduct Office, or AHS if the matter occurs in the clinical learning environment.

Professional values and ethics are based on the foundations of personal values, professional and, academic integrity. Integrity is the act of doing what is right even if there is no one is around. Personal values are comprised of an individual’s integrity, morals, and ethics, the standards in which, an individual holds him or herself to. One must exercise personal values which in turn become the foundation professional values.

I have reviewed a few ethical models in formulating my own for my professional counseling practice. I first checked the American Counseling Association (ACA) Ethical Model, as well as the American Mental Health Counselor’s Association. I found the ACA’s model to be very helpful in determining what facets and perspectives a counselor would utilize to examine an ethical dilemma with potential to turn into an ethical issue. The ACA model states:

The American School Counselor Association is a professional organization whose members have a unique and distinctive preparation, grounded in the behavioral sciences, with training in clinical skills adapted to the school setting. The school counselor assists in the growth and development of each individual and uses highly specialized skills to protect the interests of the client within the structure of the school system. The Ethical Standards for School Counselors were developed to clarify the nature of ethical responsibilities held in common by school counseling professionals. The purpose is to serve as a guide for the ethical practices of all professional school counselors regardless of level, area, and population served. As well as provide benchmarks for both self appraisal and peer evaluations.

Q.1 – Briefly describe the dilemma presented in this case study. Who are the key players and what are some of the antecedents that have led to the present problem? Ans. When the best manager, takes certain actions which go against the core values of the company, it becomes really difficult for the management to make a fair judgement. They are stuck in a dilemma of what would be a better judgement. As a leader, it is very important to be fair and impartial to your team members. And so is the dilemma presented in the case, Bob’s Meltdown, Nicholas G. Carr. The key players in this case are1. Annette Innella 2. Robert Dunn 3. Jay Nguyen Annette Innella is the Vice President, Knowledge Management at Concord Machines. She was recently hired by