This website uses cookies to ensure you have the best experience. Learn more

Ethics Article Review

980 words - 4 pages

IntroductionThis paper will review the article Through the Ethics Looking Glass: Another View of the World of Auditors and Ethics. This article was authored by Roger D. Martin and appeared in the Journal of Business Ethics in January 2007. As the title implies, this article deals with the ethical considerations faced by the audit profession.Article SummaryThe first part of the article discusses the requirement that auditors must be "looking within" the organization. In other words the auditors must be independent (outside, looking in) of the firm being audited. This does not refers to the obvious problem of being employed by the firm being audited but rather the conflict of interest issues ...view middle of the document...

" (Martin)Auditors need to look at the ethics of a client and evaluate the potential for fraud. Auditors use the "fraud triangle" in this evaluation:•Is there an incentive to commit fraud?•Opportunities to commit fraud.•Rationalizations for committing fraud.Auditors need to constantly evaluate and re-evaluate the environment when performing an audit.The Sarbanes-Oxley Act of 2002 requires management and auditors to state their opinion of the effectiveness of internal controls. Auditors and management are now no longer faceless entities. They have an almost personal stake in the strength of the controls within the organization.Article Related to the ReadingsThe article makes repeated references to the financial statements the auditors are to scrutinize. The first chapters in the text deal with accounting environment. These readings introduce financial statements. The importance of the individual statements is discussed and the interrelationship between the statements and how they are used to make informed decisions on the strength of the organization is related. One of the points in the text discusses the importance of having confidence in the statements. Investors use these statements as critical decision making tools when making investment decisions. Without confidence in the validity of these documents, investors would be reluctant to part with their money. One only needs to look to Enron, WorldCom, and Arthur Anderson to see the reality of this. Arthur Anderson destroyed themselves by missing ethical violations. As auditors they missed (or disregarded) the "fraud triangle" discussed in the article.Without the confidence of the public in the accounting and auditing principles discussed in the reading and the article, business would die from lack of investment. As a general rule, people are not willing to hand over vast amounts of money, or for that matter, their pocket change, to organizations they have no confidence...

Other Essays On Ethics Article Review

Sociology Essay: Gender Discrimination In The Business World - The Glass Ceiling

2535 words - 11 pages break these barriers.Glass Ceiling, Mid-Level Bottleneck, Sticky FloorTwenty out of fortune five hundred CEO's are women (Eagly & Carli 2007, Colleen 2012). This alarming fact is a result of "The Glass Ceiling Effect", which highlights the defeat of women in many businesses along the corporate ladder in today's society. The Climbing the Job Ladder article metaphorically refers to the Glass Ceiling Effect as an invisible obstacle that

Research Of Investment Banks Essay

8984 words - 36 pages quality of work experience. We would also require the ethics wing of AIMR to have more reviews of its members. A through ethics review should be a part of every report. This will create a greater sense of integrity to the research report writing industry. The ethics wing should have greater regulatory authority in conducting reviews of research departments and not just CFA charter holders.There are several ways analysts can be compensated based on

Ikea.Com (Overview On The Company)

7745 words - 31 pages forecasts to transport booking or documents / follow ups or logs).The second topic, extranet solutions, provides suppliers with specific entry to IKEA Intranet where they can access information such as article specifications, transport information, customs info or openings.For the Global Common Systems, the existence of a common order generating system world wide permits IKEA to merge and send its global total needs to suppliers through one system as

A Psychological Essay On The Inclusion Of Sex Education For Both The Primary And Secondary Curriculum

4118 words - 17 pages , since it remains a controversial issue in several countries (especially with regard to the age at which children should start receiving such education, the amount of detail that is revealed, and topics dealing with human sexual behavior, eg. safe sex practices, masturbation, premarital sex, and sexual ethics).We can already see the difference between informally and formally teaching Sex Education. So we can now say that one of the major mentors

Pizza Hut Malaysia E-Marketing

6218 words - 25 pages and to maintain the number one market position. Also, Pizza Hut is planning to increase the percentage of pizza sales by increasing the number of franchisee delivery units with carryout facilities. Moreover, this company wants to reach customer satisfaction and practice what they preach: integrity, ethics and open communication.Strategies: Pizza Hut should continue to offer a high quality product. With higher price Pizza Hut could revise all its

Character In "The Yellow Wallpaper" By Charlotte Perkins Gilman

1587 words - 7 pages The short story 'The Yellow Wall-Paper' written by Charlotte Perkins Gilman is a cry for freedom. This story is about a woman who fights for her right to express what she feels, and fights for her right to do what she wants to do. The narrator in this short story is a woman whose husband loves her very much, but oppresses her to the point where she cannot take it anymore. This story revolves around the main character, her oppressed life, and her

Edgar Allen Poe's View Of Death In "The Fall Of The House Of Usher"

1836 words - 8 pages Edgar Allen Poe's Symbolism of Death in 'The Fall of the House of Usher'Death is defined as, 'The termination or extinction of something' (American Heritage Dictionary). Edgar Allen Poe uses this description in 'The Fall of the House of Usher' in different ways. Poe's intention when writing 'The Fall of the House of Usher' was not to present a moral, lesson, or truth to the reader; he was simply trying to bring forth a sense of terror to the

"Slaughterhouse Five" By Vonnegut

2264 words - 10 pages When one begins to analyze a military novel it is important to first look at the historical context in which the book was written. On the nights of February 13-14 in 1944 the city of Dresden, Germany was subjected to one of the worst air attacks in the history of man. By the end of the bombing 135,000 to 250,000 people had been killed by the combined forces of the United States and the United Kingdom. Dresden was different then Berlin or many of

Psychoanalysis And Freud

2420 words - 10 pages Psychoanalysis is a system of psychology originated by the Viennese physician Sigmund FREUD in the 1890's and then further developed by himself, his students, and other followers. It consists of three kinds of related activities: (1) a method for research into the human mind, especially inner experiences such as thoughts, feelings, emotions, fantasies, and dreams; (2) a systematic accumulation of a body of knowledge about the mind; and (3) a

Comparative Essay. "Heart Of Darkness" By Joseph Conrad And William Golding's "Lord Of The Flies"

2729 words - 11 pages It can be said that a certain degree of darkness lies within every person, but this darkness will not surface unless given the correct environment. The darkness, however, can emerge and ultimately destroy the person if not checked by reason. If one's inner darkness does surface, the victim then is given the opportunity to reach a point in personal growth, and to gain a sense of self-knowledge from it. That is, when one's darkness appears, one

This Is An Essay On The Woman In The Odyssey And Their Influences On His Travels

993 words - 4 pages The Odyssey is an epic about a Greek warrior in the Trojan War whose wanderings around his known world and his perilous encounters are the basis of the story. Odysseus' absence from his home is prolonged by the influences of the women whom he encounters.In this epic, several female characters had a profound effect on the plot. They wielded their influence through typically feminine skills and attributes: seduction, supernatural powers

Similar Papers

Gene Therepy Essay

789 words - 4 pages became controversial. The ethics of the procedure was questioned and still is to this day. (Eisner 2.) Gene therapy seems to be just the beginning at finding cures to deadly illnesses such as cancer, epilepsy, and hemophilia. It has proven itself to be successful when tested in labs on animals. Some of society, however, feels that experimenting with DNA and replicating of genes is unethical. Those who believe so, argue that the genetic material

Stanford Prison Experiment Essay

1336 words - 6 pages imprisonment About Psychology, 1. Retrieved from Whitbourne, S. (2013, July 20). The rarely told true story of zimbardo's prison experiment Paychology Today, 1. Retrieved from, J. (2010). Zimbardo on the nature of man. Stanford Law Review, 1. Retrieved from

Issues In Doing Business In China

2264 words - 10 pages strong compliance. As a result, Mattel and its products have earned a global reputation, recognition and trust over the years which others found difficult to achieve. As a matter of fact, the article should flash 'Managing ethical behavior and social responsibility in China, Mattel's way!!!'REFERENCES:M. Bendixen, Abratt, Russell, Jones, Preston., (2007), Ethics and Social Responsibility in Supplier-Customer Relationships, Journal of Applied

Title: The Appalling Affects Of Cloning Author: Roy Arthur

2071 words - 9 pages growth (399). Though the science involved in cloning is relative theory for anyone in the field, implementing them on humans is not as easy as cloning the bovine or any other species. The results could be catastrophic.According to an article in the scientifically well-known magazine Nature, a statement expands upon the fact that in the near future, the United States Senate will vote on a bill to ban the research on therapeutic cloning. The term