Conflict of interest ethical organisational culture

  • No School
  • AA 1
  • 3
  • 95% (19) 18 out of 19 people found this document helpful

This preview shows page 3 out of 3 pages.

CONFLICT OF INTEREST ethical organisational culture should be given lower ranking or even removed from the list despite their figures. Due to the capitalist nature of the US economy or in fact the global economy, business corporations are increasingly becoming very competitive and will use whatever legal loophole is available to gain business advantage, this loophole could lead to several ethical concerns and issues, therefore, the society and the government as a role to play in promoting ethical behaviour. In a society where money is the most important thing and the person making the most money is the most important. This will reflect in the behaviour of business corporations leading them to several unethical behaviours to make up the numbers. Conclusion In conclusion, I will like to mention that most conflicts of interest stem from a shift in an organisation's culture towards growth and profit and neglecting trust and integrity. Therefore, companies need to find other ways or remaining competitive and profitable without compromising on their integrity. Reference Arthur Anderson: An Accounting Confidence Crisis (N.D.) Daniels Fund Ethics Initiative. University of New Mexico. Retrieved from: %20Case.pdf Benson, G. & Scott, K. (2002). Enron and Accounting Issues. AEI Shadow Financial Regulatory Committee. Retrieved from: Brown, K. & Dugan, I. (2002, June 7). Arthur Anderson's' Fall from Grace Is a Sad Tale of Greed and Miscues. Wall Street Journal. Retrieved from: Edelman D. & Nicholson, A. (2011). Arthur Anderson and Enron: What happened to their Texas CPA Licenses? Journal of Financial Accountancy. 8(1). Oppel, R. & Eichenwald, K. (2002, Jan 16). Enron's Collapse: The Overview; Arthur Andersen Fires an Executive for Enron's Orders. The New York Times.
Image of page 3

You've reached the end of your free preview.

Want to read all 3 pages?

  • Fall '19
  • Big Four auditors, Arthur Andersen, Enron scandal

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture