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Business, Ethics and Information Technology

1) What are some of the more common challenges and how might they be overcome? You may want to focus on one industry such as an accounting firm.
2) What would you identify as the most common, or most egregious forms of unethical behavior relative to business use of IT? What should be appropriate terms of redress?
3) Do you feel the "Black Friday" sales pushes, particularly the new trend to open on Thanksgiving day itself, is unethical? Does this increase the already rampant consumerism and further detract from the family? Or, is this simply good marketing, part of free enterprise, and up to the customer to accept or to ignore?
4) How can we as accountants avoid this issue and stick to our professional ethics?
5) How can an accountant maintain objectivity or independence when the company is quite small? In fact, the vast majority of accountants work for small companies, family firms, or their own small business. In light of this DQ topic, how might the accountant for a closely held company maintain objectivity particularly in regard to the clear disclosure of debt?
6) How can we as accountants or business owners keep emotions in check regarding the decision to file bankruptcy or in the process of preparing BK data?

Solution Preview

Greetings,

Hope you are well.

The ethical standards within the accounting industry reflect on the proper processing of business financial transactions on integrity and honesty. Challenges are mostly internally to the corporate politics and environment that deters or supports the integrity to following the company policy.

Let's take a look on how challenges can occur within the accounting industry:

1) What are some of the more common challenges and how might they be overcome? You may want to focus on one industry such as an accounting firm.

Within the industry of accounting, the objective is ethical behavior in managing the company's financial data and / or documents with integrity. Accountability is imperative for the accounting firm, in which, the proper behavior output entails transferring data or interpretation of data correctly. Many temptation opportunities occur that can either prevail or not that refrains from representing the company in the best possible manner. Clients are willing to return to the company if expectation that ethical standards are followed according to the company's mission as well as current laws, such as the Financial Accounting Standards Board (FASB).

2) What would you identify as the most common, or most egregious forms of unethical behavior relative to business use of IT? What should be appropriate terms of redress?

By far, the accounting principles can render misrepresentation of data from one document to another that the later completely creates a misconception to the actual final numeral analysis. Creative accounting is consistent with egregious forms of unethical behavior due to the sometimes following standard account practices but deviate to unethical behavior. The changing of income, assets, and liabilities to present a perception of another ...

Solution Summary

The business ethics platform is in accounting procedures by determining effectiveness longterm that impacts IT within the organization.

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