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Business and Professional Ethics

By Leonard J. Brooks, Paul Dunn

9th Edition © 2021
Discipline:Accounting
Course:Ethics
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Business & Professional Ethics for Directors, Executives & Accountants, 9e is the only book that connects and provides a comprehensive background for understanding the following dots. Business and the accounting profession are now in an era of risk management because numerous scandals have undermined the credibility and reputation of corporations, firms, directors, executives, and partners. Businesses and professionals cannot reach their strategic goals optimally in the medium and longer terms unless the ethics risks causing these scandals are recognized, avoided or mitigated, and monitored continuously. Governance systems must include ethical guidance and decision making must consider the value systems that stakeholder groups respect – otherwise stakeholders will not provide essential support because the corporate culture is unlikely to be a culture of integrity. Without a corporate culture of integrity, corporate directors and auditors cannot do their jobs effectively. Understanding how past scandals have led to the current era of governance and ethics risk management is essential so that past disasters can be avoided.

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AboutTable of contentsResourcesPricing & formats

About this product

Business & Professional Ethics for Directors, Executives & Accountants, 9e is the only book that connects and provides a comprehensive background for understanding the following dots. Business and the accounting profession are now in an era of risk management because numerous scandals have undermined the credibility and reputation of corporations, firms, directors, executives, and partners. Businesses and professionals cannot reach their strategic goals optimally in the medium and longer terms unless the ethics risks causing these scandals are recognized, avoided or mitigated, and monitored continuously. Governance systems must include ethical guidance and decision making must consider the value systems that stakeholder groups respect – otherwise stakeholders will not provide essential support because the corporate culture is unlikely to be a culture of integrity. Without a corporate culture of integrity, corporate directors and auditors cannot do their jobs effectively. Understanding how past scandals have led to the current era of governance and ethics risk management is essential so that past disasters can be avoided.

THIS IS THE ONLY BOOK ON THE MARKET THAT COVERS BOTH BUSINESS ETHICS AND PROFESSIONAL ACCOUNTING ETHICS IN PRACTICAL TERMS. Because business ethics and accounting ethics are interdependent, students gain the understanding of both that is necessary to fully appreciate trends in ethical expectations, changes in regulation and why audits are based on the ethical culture of the audited company.

THIS EDITION'S VERSATILE PRESENTATION MAKES IT A TRUSTED RESOURCE FOR YOUR COURSE. This edition's breadth and depth make it a successful choice for your stand-alone course or as a support for more than one course in your curriculum. Instructors like you have trusted this book for undergrads, Master of Accounting students, M.B.A. students and Executive M.B.A. students. Some instructors have selected sections of this book and specific cases to custom-publish for specialized 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, cases or applications that emphasize relevance, which can cause students to disregard content and not engage in the course. By contrast, this unique edition highlights the practical development and impact of all topics, with the support of more than 130 cases, primarily drawn from actual business events.

CASES EMPHASIZE BOTH CONTEMPORARY ETHICS AND AN UNDERSTANDING OF PROFESSIONAL ACCOUNTING CODES OF CONDUCT. This edition enhances the value of its cases by extending discussion beyond what other books offer. Many other books feature cases but do not sufficiently discuss ethics or the latest professional accounting codes of conduct that are being harmonized globally. Rather than focusing exclusively on specific rules, this unique edition emphasizes an understanding of the underlying principles as well as the relevant rules.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Dedication
About the Authors
Preface
Acknowledgments
The End of the Beginning
Overview of the Book
Chapter 1. Ethics Expectations*Preview this chapter
Chapter 2. Ethics & Governance Scandals
Chapter 3. Ethical Behavior—Philosophers’ Contributions
Chapter 4. Practical Ethical Decision Making
Chapter 5. Corporate Ethical Governance & Accountability
Chapter 6. Professional Accounting in the Public Interest
Chapter 7. Managing Ethics Risks & Opportunities
Chapter 8. Subprime Lending Fiasco—Ethics Issues
Show more

Chapter 1. Ethics ExpectationsPreview this chapter ↗

The Ethics Environment for Business: The Battle for Credibility, Reputation, & Competitive Advantage
Preview this section ↗
Environmental Concerns ↗
Moral Sensitivity ↗
Bad Judgments & Activist Stakeholders ↗
Economic & Competitive Pressures ↗
Financial Scandals: The Expectations Gap & the Credibility Gap ↗
Governance Failures & Risk Assessment ↗
Increased Accountability & Transparency Desired ↗
Synergy among Factors & Institutional Reinforcement ↗
Outcomes ↗
New Expectations for Business
Preview this section ↗
New Mandate for Business ↗
New Governance & Accountability Frameworks ↗
Reinforced Fiduciary Role for Professional Accountants ↗
Responses & Developments
Preview this section ↗
Emerging Governance & Stakeholder Accountability Models ↗
Management Based on Values, Reputation, & Risks ↗
Accountability ↗
Ethical Behavior & Developments in Business Ethics ↗
The Ethics Environment for Professional Accountants
Preview this section ↗
Role & Conduct ↗
Governance ↗
Services Offered ↗
Managing Ethics Risks & Opportunities
Preview this section ↗
Developing a Culture of Integrity ↗
Corporate Governance ↗
Questions ↗
Reading Insights ↗
References ↗
Case Insights ↗
Cases Involving Improper Behavior ↗
Advertising & Sales Promotion Cases ↗
Cases Involving Financial Transactions ↗
Cases Involving the Control of Information ↗
Cases Concerning the Environment ↗
Product Safety Cases ↗
Accounting & Auditing Cases ↗
Show more

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