The shifting shape of ethics Today’s global and highly competitive markets keep piling on the pressure on management accounting professionals striving to perform to the highest standards of ethics and transparency. We chatted with CFOs from different areas of the world who shared their thoughts on the challenges, changes, and future of ethics. Dhianendra Laksmana,…
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Growing complexity in today’s business environment can expose companies to potential conflicts and ethical challenges. CFOs are well placed to understand the issues and solutions and to lead by example in building an ethical culture. In an era of increasing transparency, investors and other stakeholders are expecting more from organisations and their leaders, finance chiefs…
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Strong ethical principles and behaviour will become more important in the evolving digital age, and a key enabler to building trust. Ethical behaviour is a core attribute for professional accountants. Our global survey examines the attitudes to ethics among 10,000 professional and trainee accountants, and over 500 senior (‘C-suite’) managers. More than 8 in 10…
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A decision to supplement your accounting firm with non-certified accountants typically results from the combined effects of a small labor pool and increasing opportunities for growing your business. While adding non-CPAs keeps payroll expenses low and allows you to service more clients, its downside is increasing ethical challenges. Knowledge and training State licensing requirements underscore…
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What does it take to grow a business? An honest business requires a sound business model, hard-working employees, long hours, and a «can-do» attitude, right? Of course, there are companies that take a different route and uses incentives to bribe those in power, hoping it will fast track their success and provide new growth that…
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They’re everywhere, and they can help—but it’s not automatic. Here’s how to ensure your mission and values statements make a real impact. These days, corporate values statements are all over the place. Most large companies now post them online—and everywhere else from wall signage to wallet cards. Many include them as components of corporate training,…
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We hear a lot about different generations in the workplace – Traditionalists, Baby Boomers, Generation X, Millennials. But what does business ethics mean to them, and how do you engage them with ethical issues in the workplace? Understanding the different characteristics of the generations is fundamental in building a business culture founded on ethical values.…
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We have reached the limit of what we can deliver through regulation – we need to restore trust in business and to create value by giving more emphasis to corporate culture – Corporate culture is indeed rising up the agenda but we need the right tools to better understand it, and embed it at each…
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Investors and other stakeholders expect that accountancy services, including auditing or assurance, can be relied on when taking important decisions, David Stevens, Integrity and Law Manager for the Institute of Charted Accountants of England and Wales (ICAEW). How do you evaluate the role of accountancy and related professions in safeguarding ethical business practices? As professionals…
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Australian businesses need a focus on ethical leadership, with rewards that counterbalance those for high financial performance. Leaders of every organisation, whether it is corporate, not for profit, government or academic, ignore the health of its ethical culture at their peril. In this world of instantaneous communication, a single lapse of judgment is rapidly posted to customers,…
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