Higher Education

Business & Professional Ethics, 7th Edition

  • Leonard J. Brooks University of Toronto
  • Paul Dunn Brock University
  • ISBN-10: 1285182227  |  ISBN-13: 9781285182223
  • 656 Pages
  • Previous Editions: 2012, 2010, 2007
  • © 2015 | Published
  • College Bookstore Wholesale Price = $126.75
  • Newer Edition Available
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About

Overview

Using real-world examples of ethical issues in the workplace, BUSINESS & PROFESSIONAL ETHICS, 7E provides students with the strategies needed to make the most ethical decisions possible--no matter what the situation. By integrating the latest information on ethics, governance scandals, legal liability, and professional accounting and audit issues, this text highlights the most recent ethical issues in today's business environment. The text examines the background and nature of the new stakeholder-support era of corporate and professional accountability and governance, offering valuable insights into the development of sound patterns of behavior on the part of directors, executives, and accountants. Over 120 current cases and key readings provide an interesting, challenging, and practical learning experience. Intriguing real-world situations equip students with an understanding of appropriate values, ethical pitfalls, applicable codes of conduct, and sound ethical reasons where codes do not apply.

Features and Benefits

  • BUSINESS & PROFESSIONAL ETHICS FOR DIRECTORS, EXECUTIVES & ACCOUNTANTS, 7E focuses on the development of a practical understanding of the ethical issues driving recent unethical events, the resulting development of emerging accountability and governance frameworks, and the practical skills required to deal with them effectively.
  • New or expanded coverage includes corporate governance and responsibilities, corporate social responsibility, ethics risks, subprime lending, bribery, whistleblower and inquiry services, improvements to practical decision-making approaches, and more.
  • The recent emergence of global ethical accounting standards under the auspices of the International Federation of Accountants (IFAC) is covered extensively to prepare students for the global harmonization process that is occurring.
  • The text features more than 120 cases and key readings, including illustrative applications. Giving students hands-on experience with real-world issues, cases cover subprime lending, adult entertainment and cell phones, limits to exploitive and risqué advertising, bankruptcy ethics, hazardous products, iPhone and disappointed customers, terrorist payments, tax issues, gender discrimination, the practice of spying on HP directors, MCI and bad debts, gifts of publicly traded shares, rogue traders, and more.
  • At various points in the text, lists of websites encourage students to research source documents, the SEC, news sources, and more.
  • Additional resources are found at www.cengagebrain.com, including PowerPoint® slides, the Instructor's Manual, course outlines, suggested Executive MBA and MBA Course Outlines, cases, and the links used in the textbook.

Table of Contents

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, Post-Enron.
7. Managing Ethics Ricks & Opportunities.
8. Subprime Lending Fiasco--Ethics Issues.

What's New

  • The Ethics & Governance Scandals chapter has been extended to provide a timeline, an analysis, and a summary of the significant ethics and governance scandals, events, and responses in three time frames: prior to 1970, 1970–1990, and 1990–present.
  • The Practical Ethical Decision Making chapter has been extensively modified to approach practical ethical decision making more directly and with greater clarity. Virtue ethics has been more fully integrated within the challenges that must be made of prospective actions.
  • The Corporate Ethical Governance & Accountability chapter includes updates and new material covering corporate governance and responsibilities, compelling recent evidence for the development of an ethical corporate culture, the development and application of codes of conduct, the necessity and nature of ethical leadership, and corporate psychopaths--their impact and characteristics.
  • The Professional Accounting in the Public Interest, Post-Enron chapter includes new material covering transfer pricing to artificially reduce tax--the Apple case and the increasing need for moral courage.
  • The Managing Ethics Risk & Opportunities chapter has been updated and expanded to include new material on ethics risks--their definition, identification, assessment, and management; corporate social responsibility--an extensive update; and a new Appendix of important sources of CSR, ESG (Environmental, Social, and Governance), and Sustainability reports, bribery--a section on the new anti-bribery regime that is unfolding focused on worldwide bribery, and whistleblower and inquiry services--a new section on this important area.
  • The Subprime Leading Fiasco--Ethics Issues chapter has been updated to take account of recent analyses and to elaborate on the impact of Credit Default Swaps (CDOs), the spread of subprime lending crisis around the world, the beginning of prosecutions of investment banks and their officers, as well as comments on the possible impact of corporate psychopaths.
  • Thirteen new cases are provided, and video web references for cases and issues are included to add relevance and interest. New cases include, among others, Sexual Abuse by a Penn State Football Coach, Wal-Mart Bribery in Mexico, LIBOR Manipulations Cause Widespread Impacts, Gender Discrimination at IKEA, KPMG Partner Shares Confidential Information with a Friend, Sino-Forest Fraud?--Audit Challenges in China, Massive Acquisition Write-Downs in the Mining Industry, Auditor's Dilemma, Questionable Values Produce Resignation at Goldman Sachs, and Naked Short Selling--Overstock.com Lawsuit Against Goldman Sachs and Merrill Lynch.

Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Website  (ISBN-10: 1285182235 | ISBN-13: 9781285182230)

The instructor support website at www.cengagebrain.com is a thorough companion to the text. Included are 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 available for you. General updates are posted as necessary.

Student Supplements

Website  (ISBN-10: 1285182235 | ISBN-13: 9781285182230)

Rich learning and test-prep online resources include PowerPoint® presentations and course outlines.

List Price = $13.95  | College Bookstore Wholesale Price = $10.00

Meet the Author

Author Bio

Leonard J. Brooks

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

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.