Tools for the absence of rules

Article Abstract:

The University of Waterloo's School of Accountancy was awarded $500,000 in Jul 1991 to establish the Centre for Accounting Ethics. The 12-project study submitted by the school won over proposals sent by seven other Canadian institutions. University professor Morley Lemon discusses what the proposal is all about. In general, Lemon believes that accounting students must learn the importance of making ethical decisions. Thus, the accounting center's main goal is to educate auditors and accountants on ethics by providing sufficient learning materials.

Interview, Lemon, Morley

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Giving kickbacks the boot

Article Abstract:

Canada has implemented the Corruption of Foreign Public Officials Act in early 1999 to stop bribery and corruption in international business transactions. Drawn up for Canadian companies with foreign operations, the Act seeks not only to put an end to the writing off of some types of business expenditures as it also advocates prison terms of up to five years for offenders. This should prompt auditors into practicing prudence when dealing with bribes that may have a significant impact on their firms' financial statements.

Administration of General Economic Programs, Corporate Foreign Bribery, Canada, Laws, regulations and rules, Practice, Political corruption, Auditors, Bribery, Corporate corruption

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No more trial and error

Article Abstract:

The importance of making formal training in ethical behavior an integral part of the accounting curriculum is highlighted. The accounting profession's code of conduct is an insufficient ethical guide because of its general provisions. Thus, accountants make ethical decisions primarily by trial and error. A five-stage approach to the issue of ethical values in accounting is proposed.

Methods, Analysis, Accounting, Business ethics, Work ethic

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