CHAPTER 3

Professional an unethical dual relationship is one

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Unformatted text preview: s a conflict of interest or risk of impairment to professional judgment. impairment Consent is created if any sexual relationship is considered mutual. considered 31 ETHICAL ISSUES AND ETHICAL DILEMMAS IN BUSINESS DILEMMAS I. Environmental issues such as air and water I. pollution and waste are becoming significant issues within the business community. issues Environmental concerns are creating ethical issues for individuals, organizations, and public issues policy decision-makers. policy 1. Air pollution refers to gases or particulates 1. in the air. in Three sources of air pollution are stationary, mobile and Three 32 natural. natural. ETHICAL ISSUES AND ETHICAL DILEMMAS IN BUSINESS DILEMMAS 2. The Kyoto Protocol is an international treaty on 2. climate change that commits signatory nations to climate reducing emissions of greenhouse gases. reducing 3. Water pollution results from dumping sewage and 3. toxic chemicals into waterways; from oil spills and toxic from fertilizer runoff; or from burying industrial waste in fertilizer or burying a location where it can filter into water supplies. filter 4. Alternative energy sources are perceived to have 4. lower emissions and waste than traditional sources. lower Eg. Wind power, solar power, geothermal power, Eg. hydropower, biofuels, and nuclear power. hydropower, 33 ETHICAL ISSUES AND ETHICAL DILEMMAS IN BUSINESS DILEMMAS J. In general, fraud is any purposeful J. communication that deceives, manipulates, or conceals facts in order to create a false conceals impression. impression Fraud is a crime that can result in fines and/or Fraud crime imprisonment. imprisonment 34 ETHICAL ISSUES AND ETHICAL DILEMMAS IN BUSINESS DILEMMAS 1. Accounting fraud usually involves falsifying 1. information about a corporation’s financial reports, information which would otherwise provide important information about the financial health of the company to investors and other stakeholder groups. Accountants today feel increased pressure to perform, to keep Accountants fees low, and must follo...
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This document was uploaded on 03/17/2014.

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