These slides are from McKonly & Asbury's webinar entitled “Professional Ethics: The Three Monkeys in the Room” which took place on Thursday, May 14, 2015.

5. PROFESSIONAL ETHICS
THE THREE MONKEYS IN THE ROOM
Presented by:
Elaine Nissley, Principal
Samuel BowerCraft, Senior Manager

6. INTRODUCTIONS
Elaine Nissley, MBA, CISA, PMP, CRISC, CRMA
• Principal
• Key leader of the firm’s Internal Audit &
Management Consulting segment
• Over 20 years of experience in risk management,
internal audit, internal controls assessments, and
project management.
Samuel BowerCraft, MIS, CISA
• Senior Manager
• Key member of the firm’s Internal
Audit & Management Consulting
practice
• Expert experience in information
technology, strategic planning, and
process and controls consulting.

7. LEARNING OBJECTIVES
• Understand the theory of ethics
• Understand ethical perspective and the social contract
• Relate Ethics and the social contract to behavior

8. THEORY OF ETHICS
“One swallow does not
make a summer,
neither does one fine
day;
similarly one day or
brief time of happiness
does not make a person
entirely happy.”
Aristotle
• Religion Based
• A general pattern or “way of life”
• Professional Ethics
• A set of rules of conduct or “moral code”
• Branch of Philosophy
• Inquiry about ways of life and rules of
conduct

9. THEORY OF ETHICS
• Self-Interest
“There are two levers to set
a man in motion, fear and
self-interest.”
-Napoleon Bonaparte

10. THEORY OF ETHICS
• Results or Consequences
“The creed which accepts as the foundation of morals,
Utility, or the Greatest Happiness Principle, holds that
actions are right in proportion as they tend to promote
happiness, wrong as they tend to produce the reverse of
happiness.”
-John Stuart Mill

11. THEORY OF ETHICS
• Rights and Obligations
“In law a man is guilty when he violates the rights of others. In ethics
he is guilty if he only thinks of doing so.” - Immanuel Kant
• Categorical Imperative
I ought never to act except in such a way that I can also will that my maxim should become a
universal law.
• Practical Imperative
Act in a way that you always treat humanity, whether in your own person or in the person of
any other, never simply as means, but always at the same time as an end.

12. THEORY OF ETHICS
• Justice and Fairness
“A society regulated by a public sense of justice is
inherently stable.” - John Rawls
• Procedural Justice
Administer justice in a fair and transparent manner.
• Distributive Justice
Treat equals equally and unequals in proportion to their
differences.

13. THEORY OF ETHICS
• Virtue
“We do not act rightly because
we have virtue or excellence,
but rather have those because
we have acted rightly.”
-Aristotle

14. APPLICATION OF ETHICS
Systemic Corporate Individual

15. CORPORATE ETHICS
• Organizational Ethics
• The principles standards, and values by which
businesses operate
• Code of Ethics
• Set of principles that guide the organization
• Employee Ethics
• Ethical behavior of the organization’s workers

16. INDIVIDUAL ETHICS

17. BEHAVIOR ASSESSMENT TOOLS
• Leadership Ethics Self-Assessment
• Successes
• Opportunities for Improvement
• Action Plan
• Balanced Scorecard for Ethics
• Measure Corporate Ethics
• Self-Assessment
• Independent Third Party Assessment

18. LEADERSHIP ETHICS
• How do you demonstrate that ethics is a
priority?
• How do you communicate your expectations
for ethical practices?
• Do you practice ethical decision making?
• Do you support your local ethics program?

19. ETHICAL BEHAVIOR

20. SOCIAL CONTRACTS

21. CORPORATE SOCIAL CONTRACTS
• Ethical Values
• Significant Stakeholders
• Stakeholder Impact Analysis
• Modified Five Questions
• Modified Moral Standards
• Modified Pastin

22. MODIFIED FIVE QUESTIONS
• Is it profitable?
• Is it Legal?
• Is it fair to all stakeholders?
• Is it right? What are the impacts
• Stakeholders
• Environment
• Does it uphold the organizations virtues?

23. MODIFIED MORAL STANDARDS
• Will it provide a net benefit to
society?
• Is it fair to all stakeholders?
• Is it right?
• Does it demonstrate the virtues
expected by the organization’s
stakeholders?
 Is it the truth?
 Is it fair to all concerned?
 Will it build goodwill and
better friendships?
 Will it be beneficial to all
concerned?

24. MODIFIED PASTIN APPROACH
• Ground Rule Ethics
• End-Point Ethics
• Rule Ethics
• Problems of the Commons

25. CONCLUSION

26. Contact us at:
Elaine Nissley Samuel Bower-Craft
ENissley@macpas.com SBowerCraft@macpas.com
Visit our website for news and updates
WWW.MACPAS.COM
THANK YOU QUESTIONS?

30. Contact us at:
Elaine Nissley Samuel Bower-Craft
ENissley@macpas.com SBowerCraft@macpas.com
Visit our website for news and updates
WWW.MACPAS.COM
THANK YOU QUESTIONS?