Wednesday, May 6, 2020

Professional And Ethical Issues Case Essay - 1490 Words

Professional and Ethical Issues Case: WorldCom. 1) At the time Cynthia Cooper discovered the accounting fraud, WorldCom did not have a whistleblower hotline process in place. Instead, Cynthia took on significant risks when she stepped over Scott Sullivan’s head and notified the audit committee chairman of her findings. Conduct an Internet search to locate a copy of the Sarbanes-Oxley Act of 2002. Summarize the requirements of Section 301.4 of the Act. The section 301.4 of the Sarbanes-Oxley Act of 2002 set requirements on procedures that audit committees are required to establish about complaints. Those procedures include how they receive, retain, and treat complaints about internal controls, accounting, or relating to auditing. Also they have to make sure to have a confidential and anonymous method to allow whistleblowers to submit their claims and concerns about auditing and accounting. 2) Use the internet to conduct research related to whistleblower process. Prepare a report summarizing key characteristics for the operation of an effective corporate whistleblower hotline. Be sure to highlight potential pitfalls that should be avoided. Key characteristics of an effective corporate whistleblower hotline includes integrating the hotline as part of the corporation and its ethics program, educating the employees and other stakeholders of the corporation about the hotline report process, and making the hotline available for everybody. Also, the corporation should let theShow MoreRelatedEthics Case Study Essay911 Words   |  4 PagesEthics Case Study Nurses are faced with ethical issues and dilemmas on a regular basis. Nurses must understand his or her values and morals to be able to deal adequately with the ethical issues he or she is faced with. Some ethical issues nurses are exposed to may be more difficult than others and the ethical decision making process is learned over time. The purpose of this paper is to identify the ethical issues in the case study provided in the week one assignment. A discussion of how to useRead MoreAccounting Ethics677 Words   |  3 Pagesserves as a criterion for assessing right and wrong. Professionals operating in the business world usually face ethical dilemmas, which are situations where a person or group is faced with a decision that tests the moral system or code. While most of these dilemmas are easy to identify and resolve, they come with temptations that test a persons or groups ethics. Similar to others operating in the business world, accountants experience some ethical dilemmas that are complex and difficult to resolveRead MoreEthics Of The Health Care Industry995 Words   |  4 Pagesthe health care industry are one of the most important cornerstones of patient care. 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Ethical issues A number of ethical issues are portrayed in the video, out of which seven of these issues will be discussed. Firstly, the code of morals and instructions that come from the engineering licensing boards and from the professional and technical societies, which are fundamental to handling these problems. This issue is clearly represented by theRead MoreEthical Issues Faced By Counselors Supervisors, Trainers, And The Educators Essay1205 Words   |  5 Pagesoccurs between the counselor supervisors, trainers and the educators. For a meaningful and professional way of offering counseling services there should be clearly defined boundaries between the three classes. There is stipulated code of ethics which provides the above guidelines. In this case study there are a number of ethical issues that were not addressed when handling the client. These ethical issues outlined in section f of ACA’s guidelines include the following; I. The supervisor is expected

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