ethics management presentation
DESCRIPTION
This was a school project that began as a persuasive paper.TRANSCRIPT
Bridget QuattrucciCM 225-05 AU
October 27,2009
Ethics Management Program
This presentation will illustrate the need for an ethics management program and make
suggestions on how to accomplish the task.
Sarbanes-Oxley ActThis act focuses on
internal controls.Monitoring of
professional ethics and independence from issuers (Congress, 2002).
There are possible criminal charges as well as hefty fines.
Necessary Components
Ethics TrainingRobert Finocchio of Santa Clara University says to
“Make employee development part of strategy and make ethics training part of employee development.” (Schulman, 2006)
The American Institute of Certified Public Accountants (AICPA) offers a comprehensive program.
The program covers the most up-to-date AICPA, SEC and GOA rules, even those covered under the Sarbanes-Oxley Act. It also explains the AICPA Code of Professional conduct, the principles of ethics, and why the code is important and how it is organized (CPA2Biz Inc, 2001).
To train the 45 AICPA members that we employ it would cost roughly $5,025.
Ethics HotlineFinocchio recommends encouraging all employees to
be challenging and demanding of everyone in the company, including bosses, in the ethical domain (Schulman, 2006).
Fraudulent activity can be caught much more quickly if employees are encouraged and willing to tip off the appropriate individuals.
Ethical Advocate has exactly what we need. Employees will be able to report suspicious behavior via their website or their 24/7/365 call center.
It will cost approximately $3,600 per year to use Ethical Advocate’s services.
Ethical Dilemma ResolutionEthical dilemmas may have conflicting values among
interested parties, equally justifiable alternatives, and considerable consequences to stakeholders (McNamara, 1997).
The first step in this process should be to form an ethics committee comprised with members of the board, top management, and some staff members (McNamara, 1997).
Once the committee is selected the method used to analyze ethical dilemmas will need to be chosen.
After the analytical method is chosen the procedures for addressing the committee and resolving issues should be written carefully so as to ensure their success.
Summary
ReferencesCongress. (2002). Sarbanes-Oxley act of 2002.
Retrieved on October 20, 2009 from http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=107_cong_bills&docid=f:h3763enr.txt.pdf
McNamara, C. (1997). Complete guide to ethics management: an ethics toolkit for managers. Authenticity Consulting, LLC. Retrieved on September 12, 2009 from http://www.managementhelp.org/ethics/ethxgde.htm#anchor52197
Schulman, M. (2006). Incorporating ethics into the organization’s strategic plan. Markkula Center for Applied Ethics. Retrieved on September 26, 2009 from http://www.scu.edu/ethics/practicing/focusareas/business/strategic-plan.html