Bridget Quattrucci CM 225-05 AU October 27,2009
Ethics Management Program <ul><li>This presentation will illustrate the need for an ethics management program and make sug...
Sarbanes-Oxley Act <ul><li>This act focuses on internal controls. </li></ul><ul><li>Monitoring of professional ethics and ...
Necessary Components
Ethics Training <ul><li>Robert Finocchio of Santa Clara University says to “Make employee development part of strategy and...
Ethics Hotline <ul><li>Finocchio recommends encouraging all employees to be challenging and demanding of everyone in the c...
Ethical Dilemma Resolution <ul><li>Ethical dilemmas may have conflicting values among interested parties, equally justifia...
Summary
Contact Information <ul><li>Bridget Quattrucci </li></ul><ul><li>Phone:  (555) 222-2222  </li></ul><ul><li>E-mail:  [email...
References <ul><li>Congress. (2002). Sarbanes-Oxley act of 2002. Retrieved on October 20, 2009 from http://frwebgate.acces...
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Ethics Management Presentation

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  • Good afternoon ladies and gentlemen. My name is Bridget Quattrucci and I am the human resources manager.
  • This presentation will illustrate the need for an ethics management program and make suggestions on how to accomplish the task.
  • Accounting scandals and public pressure lead to the Sarbanes-Oxley Act of 2002. This act focuses on internal controls. Monitoring of professional ethics and independence from issuers is a requirement set forth in this act. There are possible criminal charges as well as hefty fines for any company or person who does not comply with the act’s regulations.
  • Incorporating a proper ethics management program that includes at least an ethics training program, an ethics hotline, and proper procedures for ethical dilemma resolution is a necessity. These three components will give our employees the proper tools to deal with the many difficult decisions that they face.
  • Robert Finocchio of Santa Clara University says to “Make employee development part of strategy and make ethics training part of employee development.” The American Institute of Certified Public Accountants or the AICPA offers a solution with a comprehensive program that covers the most up-to-date AICPA, SEC and GOA rules, and even the Sarbanes-Oxley Act regulations. It also explains the AICPA Code of Professional conduct, the principles of ethics, and why the code is important and how it is organized. It will only cost $5,025 to train our current staff.
  • Mr. Finocchio recommends encouraging all employees to be challenging and demanding of everyone in the company, including bosses, in the ethical domain. Fraudulent activity can be caught much more quickly if employees are encouraged and willing to tip off the appropriate individuals. Anonymity helps employees feel safer about reporting this information. Ethical Advocate can provide an ethics hotline that employees can use 24 hours a day 7 days a week 365 days a year. This would only cost $3,600 a year.
  • When accountants face situations that have conflicting values among interested parties, equally justifiable alternatives, or considerable consequences to stakeholders they are facing an ethical dilemma. We need to institute policies and procedures that will aid in resolving such issues. First, an ethics committee comprised of members of the board, top management, and staff members needs to be formed. Then a method of analyzing these dilemmas must be chosen. After the analytical method is chosen we need to carefully write the procedures for addressing the committee and resolving these issues.
  • In summary, having an ethics management program that includes ethics training, an ethics hotline, and proper procedures for ethical dilemma resolution will result in a lower risk of legal repercussions and fines.
  • You can reach me at (555) 222-2222 or send me a message at bquattrucci@earthlink.net.
  • I have included this list of sources for your reference.
  • Ethics Management Presentation

    1. 1. Bridget Quattrucci CM 225-05 AU October 27,2009
    2. 2. Ethics Management Program <ul><li>This presentation will illustrate the need for an ethics management program and make suggestions on how to accomplish the task. </li></ul>
    3. 3. Sarbanes-Oxley Act <ul><li>This act focuses on internal controls. </li></ul><ul><li>Monitoring of professional ethics and independence from issuers (Congress, 2002). </li></ul><ul><li>There are possible criminal charges as well as hefty fines. </li></ul>
    4. 4. Necessary Components
    5. 5. Ethics Training <ul><li>Robert Finocchio of Santa Clara University says to “Make employee development part of strategy and make ethics training part of employee development.” (Schulman, 2006) </li></ul><ul><li>The American Institute of Certified Public Accountants (AICPA) offers a comprehensive program. </li></ul><ul><li>The program covers the most up-to-date AICPA, SEC and GOA rules, even those covered under the Sarbanes-Oxley Act. It also explains the AICPA Code of Professional conduct, the principles of ethics, and why the code is important and how it is organized (CPA2Biz Inc, 2001). </li></ul><ul><li>To train the 45 AICPA members that we employ it would cost roughly $5,025. </li></ul>
    6. 6. Ethics Hotline <ul><li>Finocchio recommends encouraging all employees to be challenging and demanding of everyone in the company, including bosses, in the ethical domain (Schulman, 2006). </li></ul><ul><li>Fraudulent activity can be caught much more quickly if employees are encouraged and willing to tip off the appropriate individuals. </li></ul><ul><li>Ethical Advocate has exactly what we need. Employees will be able to report suspicious behavior via their website or their 24/7/365 call center. </li></ul><ul><li>It will cost approximately $3,600 per year to use Ethical Advocate’s services. </li></ul>
    7. 7. Ethical Dilemma Resolution <ul><li>Ethical dilemmas may have conflicting values among interested parties, equally justifiable alternatives, and considerable consequences to stakeholders (McNamara, 1997). </li></ul><ul><li>The first step in this process should be to form an ethics committee comprised with members of the board, top management, and some staff members (McNamara, 1997). </li></ul><ul><li>Once the committee is selected the method used to analyze ethical dilemmas will need to be chosen. </li></ul><ul><li>After the analytical method is chosen the procedures for addressing the committee and resolving issues should be written carefully so as to ensure their success. </li></ul>
    8. 8. Summary
    9. 9. Contact Information <ul><li>Bridget Quattrucci </li></ul><ul><li>Phone: (555) 222-2222 </li></ul><ul><li>E-mail: [email_address] </li></ul>
    10. 10. References <ul><li>Congress. (2002). Sarbanes-Oxley act of 2002. Retrieved on October 20, 2009 from http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=107_cong_bills&amp;docid=f:h3763enr.txt.pdf </li></ul><ul><li>McNamara, C. (1997). Complete guide to ethics management: an ethics toolkit for managers. Authenticity Consulting, LLC . Retrieved on September 12, 2009 from http://www.managementhelp.org/ethics/ethxgde.htm#anchor52197 </li></ul><ul><li>Schulman, M. (2006). Incorporating ethics into the organization’s strategic plan. Markkula Center for Applied Ethics . Retrieved on September 26, 2009 from http://www.scu.edu/ethics/practicing/focusareas/business/strategic-plan.html </li></ul>
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