BUSI 561 Chapter Notes - Chapter 8: Securities Exchange Act Of 1934, Regulation School, Liability Insurance
Document Summary
Chapter 8: ethics, social responsibility, and the business manager. Ethics: the study of what makes up good and bad conduct, inclusive of related actions and values. Business ethics: the study of what makes up good and bad conduct as related to business activities and values. Theories of ethical thought (3: consequential theories, acts are judged good or bad based on whether the acts have achieved their desired results, subschools (2) Corporate culture: an environment for doing business. Fixing prices: giving gifts to customers or accepting gifts from suppliers, using insider information, revealing trade secrets. Formal recognition by the public as a professional group. Submit to peer review of their accounting and audit practices every three years: adhere to quality control standards, ensure that all professionals participate in continuing education programs, maintain minimum amounts of liability insurance. Section 10(b) of the 1934 act: accountants are liable for false and misleading statements in required reports.
