Business Ethic1 - Business Ethics By Steve Swallows...

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Business Ethics By Steve Swallows American Intercontinental University Monday, October 04, 2010
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Abstract This paper will address current issues that organizations face when trying to control business ethics. Over time, business ethics and the U.S. government’s outlook on controlling unethical and illegal behavior have varied. Although business ethics has been discussed for several decades, it has only come to the forefront in the past several years. This has been especially true over the past decade, with the enactment of the Sarbanes-Oxley Act of 2002 (SOX) to help protect employees and investors.
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CHAPTER 1: INTRODUCTION Over the past decade, Enron, World.Com, and Arthur Anderson have been household names when discussing business ethics. Each of these companies, in its own specific way, made use of gray areas in accounting. These subjective areas were not tightly controlled by the Securities and Exchange Commission (SEC), and were used to misrepresent a company’s financial performance for the purpose of misleading the investment community (Carroll, 2004). Although, ethics and compliance are two separate entities, they are fundamentally intertwined. Compliance involves laws and regulation, while ethics encompasses an individual’s beliefs and values. An individual’s ethical beliefs are based on the ideals, to which employees aspire to act, when called upon to make a decision about what is right and where law is not clear,
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Business Ethic1 - Business Ethics By Steve Swallows...

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