Evaluate Business Through Ethical Perspectives - Cfo Case

Table of Content

Abstract i

Table of Content 1

1. Introduction 2

1.1 Background 2

1.2 Purpose

2 4 Component of ethical theory 3

2.1 Consequence 3

2.2 Consistency 3

2.3 Care 3

2.4 Character & Culture 4

3 First Decision: Small payment to speed up progress in Indonesia

3.1 Consequence 4

3.2 Consistency 5

3.3 Care 5

3.4 Character & Culture 5

4 Second Decision: Medium payment to seek contract approval in Bangladesh

4.1 Consequence 6

4.2 Consistency 6

4.3 Care 6

4.4 Character & Culture 6

5 Third Decision: Ignore Internal Control

5.1 Consequence 7

5.2 Consistency 7

5.3 Care 7

5.4 Character & Culture 7

6 CFO Roles and Responsibilities 8

7 Recommendation 9

8 Conclusion 9

9 Reference list 10-11

1. Introduction

1.1 Background

CFO today needs to be able to evaluate business through ethical perspectives to avoid and minimise ethical issues in Accounting, in order to remain competitive and survive in the industry especially since there are cases like Enron, which makes the public more critical about the issues.

1.2 Purpose

The purpose of this report is to provide the CEO with a report that outlines the relevant ethical considerations, CFO responsibilities and give advice to the CEO. This paper will evaluate possible unethical action by the company using 4 component of ethical theory which consists of Consequences, Consistency, Care, Character & Culture in the business environment