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Essay / Research Paper Abstract
5 pages. There have been many repercussions from the corporate scandals that have rocked America in the last year. One of these is the problem faced when corporate executives have different agendas for the same company. This paper examines the problems that can occur when exactly this happens, and executives don't trust each other in the wake of the scandals that are now well known to Corporate America. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: D0_JGAbizet.rtf
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agendas for the same company. This paper examines the problems that can occur when exactly this happens, and executives dont trust each other in the wake of the scandals
that are now well known to Corporate America. DIFFERENT AGENDAS BETWEEN EXECUTIVES Ethics plays a huge role in the procedure of any investment or business system. Records can
easily be manipulated which might skew the bottom line of a profit and loss sheet. Shareholders could easily be misled as to the performance of the investment aspect of
a corporation. In terms of business practices and audits, it can best be stated that "ethical auditing has a valuable role to play in bringing a thoroughly empirical understanding
of the impacts of companies on the ability of their employees, customers, communities and other stakeholders to lead good and flourishing lives" (MacKenzie 1998, 1395). Not only business owners but
the stockholders as well are interested in the financial status of their business holdings. The accounting records are invaluable in helping them to determine this status. Accounting is a
process that keeps a business informed on a daily basis as to its viability. The financial snapshot can thereby be evaluated as to any changes which need to be
made, where the profits are most likely to occur and how to correct any financial infallibility or weak spots in the system. Managers are more subjective in their way of
thinking than are accountants because they need to make decisions based on how the company is doing, and how they feel a decision would best benefit the company. Therefore,
rather than having a distinct set of facts to go by, managers must of necessity be more creative in their decisions which also changes their perspective on what is ethical
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