Business & Professional Ethics for Directors, Executives & Accountants 8th Edition

Leonard J. Brooks | Paul Dunn

  • Copyright 2018
  • Published


The most comprehensive book of its kind, BUSINESS & PROFESSIONAL ETHICS FOR DIRECTORS, EXECUTIVES & ACCOUNTANTS, 8TH EDITION uses explanations, cases, videos and readings to explore the history behind corporate governance, behavior, compliance, risk management, and accounting. Content emphasizes how to develop an ethical corporate culture and make decisions that reflect organizational values, ethics and expectations of stakeholders. Students see how ethics influence company success as they analyze the IFAC Code of Ethics and AICPA and CPAO codes as well as independence, conflicts of interest, and risk assessment. They also examine risks and opportunities of non-assurance areas, such as white collar crime, bribery, and crisis management.

Meet the Author

Leonard J. Brooks, University of Toronto

Leonard J. Brooks is Professor of Business Ethics & Accounting at the Rotman School of Management of the University of Toronto. He is Executive Director of the Clarkson Centre for Business Ethics & Board Effectiveness, Director of the Professional Accounting Centre, the Master of Management & Professional Accounting Program, and the Master of Forensic Accounting Program (formerly the Diploma in Investigative & Forensic Accounting Program). Professor Brooks served 14 years on the Editorial Board of the Journal of Business Ethics and as Founding Editor of Corporate Ethics Monitor, a pioneering bimonthly publication. He has published articles on ethics issues in the Journal of Business Ethics, Accounting Organizations and Society, Canadian Accounting Perspectives, and Business & Society. He authored BUSINESS & PROFESSIONAL ETHICS FOR ACCOUNTANTS, 2E; ETHICS & GOVERNANCE: DEVELOPING AND MAINTAINING AN ETHICAL CORPORATE CULTURE, 4E; and PRINCIPLES OF STAKEHOLDER MANAGEMENT: THE CLARKSON PRINCIPLES. Professor Brooks also authored/edited the research monograph CANADIAN CORPORATE SOCIAL PERFORMANCE. Prior to joining the University of Toronto, he obtained his CA designation (in 1970) and subsequently became an audit manager and Director of Manpower for Touche Ross & Co. (now Deloitte) in Toronto. Professor Brooks served as a member, then chair, of the Chartered Accountants’ national Board of Examiners and chair of its national Syllabus Committee. He was named a Fellow of the Institute of Chartered Accountants (FCA) of Ontario in 1982. These professional designations were converted to CPA and FCPA in 2012. He consults with individuals, corporations, governmental and non-governmental organizations and serves as an expert witness and frequent media-commentator. Professor Brooks is also a former director of the Canadian Centre for Ethics & Corporate Policy and a former president of the Canadian Academic Accounting Association.

Paul Dunn, Brock University

Paul Dunn is an Associate Professor of Business Ethics and the Chair of the Organizational Behaviour, Human Resources, Entrepreneurship and Ethics department at the Goodman School of Business, Brock University. Dr. Dunn holds two degrees in philosophy: a bachelor’s and a master’s, both from the University of Toronto. He also holds a doctorate in accounting from Boston University. He is also a CPA and was a practicing chartered accountant in downtown Toronto for a dozen years. Dr. Dunn’s research focuses on corporate governance and corporate social responsibility. His work has been published in a variety of scholarly journals, including Journal of Business Ethics, Journal of Management, Business & Society, Journal of Management and Governance and Business Ethics Quarterly. He sits on the editorial boards of the Journal of Business Ethics and Business & Society and is an active review more than a half-dozen other scholarly journals. He is the Treasurer of the Social Issues in Management division of the Academy of Management as well as serving as the Treasurer for the Society for Business Ethics. He has been interviewed on TV, the radio, and in the press in Canada, the United States and Sweden.

Features & Benefits

  • THIS IS THE ONLY BOOK ON THE MARKET THAT COVERS BOTH BUSINESS ETHICS AND PROFESSIONAL ACCOUNTING ETHICS IN PRACTICAL TERMS. Student need to fully understand both business ethics and accounting ethics to fully appreciate the trends in ethical expectations and changes in regulation.
  • BOOK IS VERY VERSATILE. This book’s breadth and depth make it a successful resource for stand-alone courses or to support more than one course in your curriculum. Instructors like you have trusted this book for undergrads, Master’s of Accounting students, MBA students, and Executive MBA students. Sections of this book and specific cases have also been custom published for specific courses or executive programs.
  • CONTENT EMPHASIZES RELEVANT, PRACTICAL DISCUSSION AS WELL AS THEORETICAL MATERIAL. Some other books feature philosophical discussions but lack sufficient practical discussion or applications that emphasize relevance so students tune them out. This edition features practical development of all topics, and more than 120 cases, most of which are drawn from real life.
  • CASES BLEND BOTH ETHICS AND AN UNDERSTANDING OF PROFESSIONAL ACCOUNTING CODES OF CONDUCT. Other books feature cases but do not have sufficient discussions of ethics and of the latest professional accounting codes of conduct which are being harmonized globally. Those books tend to focus on specific rules rather than emphasizing an understanding of the underlying principles as well as the relevant rules.
  • WEALTH OF TIME-SAVING INSTRUCTOR RESOURCES ASSIST IN CLASS PRESENTATION AND PREPARATION. An Instructor’s Manual and PowerPoint® slides are available for your convenience. Additional resources found at include course outlines, suggested Executive MBA and MBA Course Outlines, cases, and the links highlighted in the textbook. The authors also make themselves available to provide teaching insights, based on their professional and instructional experiences.
  • MORE THAN 120 CASES, KEY READINGS, AND ILLUSTRATIVE APPLICATIONS GIVE STUDENTS HANDS-ON EXPERIENCE WITH REAL-WORLD ISSUES. Cases address classic issues, such as subprime lending, BP oil spill, GM faulty ignition switches, VW cheating on emission tests, Valeant drug price gouging, Toshiba accounting scandal, and Enron. Many cases cover pertinent, practical problems, such as aggressive tax schemes, governance dilemmas, bribery, and more.
  • NEW SET OF VIDEOS AND FILMS INTEGRATE THE LESSONS’ PRINCIPLES WITH ETHICAL EXPECTATIONS. Designed for student viewing, these engaging videos further students’ understanding of ethics expectations in business and accounting today. Accompanying lists and commentaries further clarify the new videos and films.

Table of Contents

Business & Professional Ethics for Directors, Executives & Accountants


1. Ethics Expectations.
2. Ethics & Governance Scandals.
3. Philosophers’ Contributions.
4. Practical Ethical Decision Making.
5. Corporate Ethical Governance & Accountability.
6. Professional Accounting in the Public Interest.
7. Managing Ethics Risks & Opportunities.
8. Subprime Lending Fiasco -- Ethics Issues.
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Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.


Companion Website

ISBN: 9781305971462
The instructor support website at provides a thorough companion to the written text. You will find PowerPoint® presentations and course outlines for you and students. The Instructor's Manual, Cases, Executive MBA and MBA Course Outlines, and a list of recent sources are also available at your fingertips. To keep these resources current, the authorship team posts general updates as necessary.