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  • Compliance of Ethical Concerns in Accounting and Finance: Zoha Jamal 22I-0137

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    i222763 Asma Javaid
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    This document discusses ethical concerns in accounting and finance. It outlines the methodology used, which included interviews and reviewing scholarly articles. It then discusses key ethical concerns like fraud, confidentiality, and conflicts of interest. It emphasizes the importance of ensuring compliance through developing codes of ethics, training, controls, and independent audits. This helps maintain integrity, prevent legal and reputational risks, and protect stakeholders. An expert highlights ways their company ensures no violations, like awareness training, monitoring, and external audits. It concludes that upholding ethics is essential to avoid risks for individuals and organizations.

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    This document discusses ethical concerns in accounting and finance. It outlines the methodology used, which included interviews and reviewing scholarly articles. It then discusses key ethical concerns like fraud, confidentiality, and conflicts of interest. It emphasizes the importance of ensuring compliance through developing codes of ethics, training, controls, and independent audits. This helps maintain integrity, prevent legal and reputational risks, and protect stakeholders. An expert highlights ways their company ensures no violations, like awareness training, monitoring, and external audits. It concludes that upholding ethics is essential to avoid risks for individuals and organizations.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    12 views10 pages

    Compliance of Ethical Concerns in Accounting and Finance: Zoha Jamal 22I-0137

    Uploaded by

    i222763 Asma Javaid
    This document discusses ethical concerns in accounting and finance. It outlines the methodology used, which included interviews and reviewing scholarly articles. It then discusses key ethical concerns like fraud, confidentiality, and conflicts of interest. It emphasizes the importance of ensuring compliance through developing codes of ethics, training, controls, and independent audits. This helps maintain integrity, prevent legal and reputational risks, and protect stakeholders. An expert highlights ways their company ensures no violations, like awareness training, monitoring, and external audits. It concludes that upholding ethics is essential to avoid risks for individuals and organizations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    Compliance of

    ethical concerns
    in accounting
    and finance
    Zoha Jamal
    22I-0137
    • Methodology

    • Ethical Concerns in accounting and


    finance

    • Importance of implementation
    CONTENTS • Ensuring Compliance of ethical
    concerns

    • Expert statement

    • Conclusion
    Methodology

    • Primary Research • Secondary Research


    Interview of General
    Manager Account and Scholarly articles from
    Finance google scholar and
    research gate
    Ethical Concerns
    • Fraud
    • Confidentiality
    • Misinterpretation
    • Insider trading
    • Conflict of interest
    Examples
    • Enron scandal involved several illegal and unethical activities,
    including fraudulent accounting practices, insider trading, and
    corporate corruption.

    • Tyco’s chief financial officer, were convicted of twenty-two


    counts of fraud and received prison sentences of eight to
    twenty-five years as well as fines and compensation orders that
    totaled $240 million.
    Ensuring compliance
    • Developing code of
    ethics
    • Training and
    education
    • Internal controls
    • Independent audits
    Maintaining integrity and
    trust

    Importance of Preventing legal and


    implementation reputational risks

    Protecting stakeholders
    Expert statement
    • How HUM Network ensures that
    ethical concerns are not being violated
    in the company?
    • Making employees aware of corporate
    governance regulations.
    • Through continuing professional
    development
    • Regulatory monitoring disciplinary
    procedures
    • External review/audit
    Conclusion
    Failure to uphold the ethical considerations can
    lead to legal and reputational risks for individuals
    and organizations. Therefore, it is essential to
    prioritize ethical behavior in accounting and
    finance.
    References
    • SEC Charges Kenneth L. Lay, Enron's Former Chairman and Chief Exec
    utive Officer, with Fraud and Insider Trading
    • https://www.worldwidejournals.com/paripex/recent_issues_pdf/2015/Ma
    y/May_2015_1431346984__98.pdf
    • (PDF) Ethical Compliance by the Accountant on the Quality of Financial
    Reporting and Performance of Quoted Companies in Nigeria (researchga
    te.net)
    • (PDF) Ethical Compliance by the Accountant on the Quality of Financial
    Reporting and Performance of Quoted Companies in Nigeria (researchga
    te.net)

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