Ethics and Accountability -Should non-profit organizations be held to different ethical standards

Should non-profit organizations be held to different ethical standards than for-profit corporations?  Should management walk the talk by emulating the companys mission and value statement?  How does it affect employee moral?  Why is it important to have behaviors aligned with corporate values?  Should employees be rewarded for performance or personality?  Why is accountability and rewarding productive behaviors a critical part of effective management?  What happens when the opposite of this occurs in the company?

Responsible Stewardship – Our Creator blesses us with an abundance of resources.

Responsible Stewardship: Our Creator blesses us with an abundance of resources. We foster a spirit of service to employ our resources to university and community development. We must be resourceful. Integrity: The commitment to excellence demands that its members live its mission and deliver on its promise. The faculty, staff and students pledge to be honest, just and consistent in word and deed. Explain the relevance of Responsible Stewardship and Integrity in the context of financial management.

AICPA and Ethics Main Objectives

What are the main objectives of the AICPA code of professional conduct and how does the code relate to protecting the public? Be specific. A bookkeeper makes a significant posting error, which she later discovers and corrects. In fear of losing her job, she does not report the mistake to her supervisor. How should she have handled this situation and what should her supervisor do when the situation is disclosed? The CFO for a corporation deliberately misstates expenses on the income statement purely out of a sense of loyalty to his CEO and the company. The CFO will receive no financial incentive for this misstatement. In fact, he risks losing his job by doing this. Is this an ethical violation for the CFO? Why or why not? How does the AICPA Code of Professional Conduct relate to ethics? Provide examples to support your answer.

Ethics & The World Bank

Paul Wolfowitz was the head of the World Bank from June 1, 2005 through mid-2007. At the time he became president of the bank, Mr. Wolfowitz was romantically involved with an executive at the bank, Shaza Riza. Mr. Wolfowitz went to the board with an ethics question about their relationship and her employment, and the bank board advised that Ms. Riza be relocated to a position beyond Mr. Wolfowitz’s influence because of their relationship and also because she could no longer be promoted at the bank. On August 11, 2005, Mr. Wolfowitz wrote a memo to Xavier Coll, the bank’s vice president of human resources and suggested the following: â??I now direct you to agree to a proposal which includes the following terms and conditions: The terms and conditions included her future at the bank when Mr. Wolfowitz was no longer heading it as well as an obligation to find her other employment. Ms. Riza now earns $193,590 per year at a nonprofit organization, following a stint at the State Department at World Bank expense. She earned $132,000 at the World Bank (a salary that was tax-free because of diplomatic status). Evaluate Mr. Wolfowitz’s conduct. a) What ethical issues do you see? b) Did Mr. Wolfowitz act properly? c) What should the board have done? d) The overarching goal of Mr. Wolfowitz’s tenure as head of the World Bank has been eliminating

How does ethics affect the financial decision-making process

Locate an article regarding ethics considerations in financial management. Write an article analysis in which you address the following items: > Discuss how ethics affects the financial decision-making process. > Explain the ethics considerations involved in financial decision-making outlined in the article. > Identify the organization’s financial management objectives. > Describe how these objectives may have influenced financial reporting decisions described in the article.

Can ethics be taught in a corporate training environment

State your position on whether ethics can be taught in a corporate training environment. Using your position of “yes” or “no,” detail how ethics can or cannot be taught in a corporate training environment. Support your position with a real-life example. If so, discuss how you would conduct such training? If not, discuss why and how employees would come to understand the corporate ethical values and act appropriately.