Ethics and governance

This book is critically important part of the CPA Program. The subject expects from students to develop their critical thinking and problem solving and communication skills. This book provides a systematic and critical analysis of the issues related to Ethics and Governance. Like any other business function, ethics and governance has become an essential function of business activities, especially professional accounting. Business ethics refers to the standards for morally right and wrong conduct in the profession. Law partially defines the conduct, but “legal” and “ethical” are not necessarily the same. Business ethics enhances the law and governance by outlining acceptable behaviors beyond the management control. Organisations establish frameworks for ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors, creditors, regulators, and customers. Board of directors and senior management have a critical role in developing good ethics and governance practices in business. By reading this book readers/students will be able to analyse complex situations and develop approaches that are logical, consistent, and defensible from a strategic perspective. The book uses case studies and critical thinking activities extensively to develop graduate capabilities centred upon higher order critical analysis skills and the ability of students to generate a range of effective alternative options and innovative solutions to case-based scenarios.