This course examines some of the ways that the decisions of an organization’s senior management can set a company on – or off – a path of ethical behavior. It also discusses how accounting and financial professionals can detect and prevent fraud within their own organization as well as in others. Earn 2 NASBA CPE credits.
The first part of the course discusses how assessing the “tone at the top” – that is, the ethical standards of an organization’s board of directors and top management – is a good place to start when looking over possible investments.Three high-profile examples of companies with poor tone at the top are evaluated by the author.
The second part of the course, a case study that won the IMA® Sixth Annual Carl Menconi Case Writing Competition, is based on real events surrounding what appeared to be a very successful and rapidly growing restaurant chain.
The third part of the course describes how internal fraud is on the rise despite tougher laws and more aggressive enforcement. The authors describe a technique that can help management accountants prevent disastrous financial fallout.
Going beyond the value of making principled decisions because it’s the right thing to do, the author of the final part of the course considers the quantitative reasons for ethical behavior in business. The author recommends that using quantitative tools to analyze ethical decisions should be an important part of an organization’s profitability calculations.
Click the button to display NASBA Sponsor Info.