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Semelhante a Ethics Management Presentation
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Ethics Management Presentation
- 1. Bridget Quattrucci CM 225-05 AU October 27,2009
- 8. Summary
Notas do Editor
- Good afternoon ladies and gentlemen. My name is Bridget Quattrucci and I am the human resources manager.
- This presentation will illustrate the need for an ethics management program and make suggestions on how to accomplish the task.
- Accounting scandals and public pressure lead to the Sarbanes-Oxley Act of 2002. This act focuses on internal controls. Monitoring of professional ethics and independence from issuers is a requirement set forth in this act. There are possible criminal charges as well as hefty fines for any company or person who does not comply with the act’s regulations.
- Incorporating a proper ethics management program that includes at least an ethics training program, an ethics hotline, and proper procedures for ethical dilemma resolution is a necessity. These three components will give our employees the proper tools to deal with the many difficult decisions that they face.
- Robert Finocchio of Santa Clara University says to “Make employee development part of strategy and make ethics training part of employee development.” The American Institute of Certified Public Accountants or the AICPA offers a solution with a comprehensive program that covers the most up-to-date AICPA, SEC and GOA rules, and even the Sarbanes-Oxley Act regulations. It also explains the AICPA Code of Professional conduct, the principles of ethics, and why the code is important and how it is organized. It will only cost $5,025 to train our current staff.
- Mr. Finocchio recommends encouraging all employees to be challenging and demanding of everyone in the company, including bosses, in the ethical domain. Fraudulent activity can be caught much more quickly if employees are encouraged and willing to tip off the appropriate individuals. Anonymity helps employees feel safer about reporting this information. Ethical Advocate can provide an ethics hotline that employees can use 24 hours a day 7 days a week 365 days a year. This would only cost $3,600 a year.
- When accountants face situations that have conflicting values among interested parties, equally justifiable alternatives, or considerable consequences to stakeholders they are facing an ethical dilemma. We need to institute policies and procedures that will aid in resolving such issues. First, an ethics committee comprised of members of the board, top management, and staff members needs to be formed. Then a method of analyzing these dilemmas must be chosen. After the analytical method is chosen we need to carefully write the procedures for addressing the committee and resolving these issues.
- In summary, having an ethics management program that includes ethics training, an ethics hotline, and proper procedures for ethical dilemma resolution will result in a lower risk of legal repercussions and fines.
- You can reach me at (555) 222-2222 or send me a message at bquattrucci@earthlink.net.
- I have included this list of sources for your reference.