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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Discussion (D4)

Discussion (D4)

Q Based upon your review of the textbook readings, post a 450-word (minimum) synopsis of your understanding of the material. This post should 1) demonstrate understanding of the ethical issues reviewed. Following your synopsis of the chapter material, 2) incorporate a practical application of the material by responding to questions in Reading 4.3. In your posting, it is important that you highlight any questions you have about the material. The instructor will review the postings for understanding of the material and respond to questions you may have. It is important to learn about business ethics and to control or handle employees so that employees do not commit fraud or get indulged in any kind of securities fraud or malfeasance (Jennings, 2014). Therefore, companies will have to ensure that they take some stern steps and measures in order to change the compensation plans of employees so that the employees can be controlled when they think about getting involved in any kind of securities fraud or malfeasance. Reading 4.3 1. What relationships would need to be restructured in order to prevent some of the problems with financial reports? How should they be restructured?

Q 2. Why does the author conclude that ethics training is not effective? Would it be dangerous to not have ethics training for employees?3. How would the author restructure compensation packages?4. Refer to Case 2.11, and discuss the compensation changes made at Goldman following the market collapse in 2008.

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All the departments must be approached by the auditors in order to ensure that there is the collections and gathering of the required information. However, it must be noted that the information acquired and gathered from the different departments must be relevant and not irrelevant or unnecessary gathering just for the sake of gathering information. Therefore, the relationships between auditors and the different departments ought to be restructured so that all the members of all the different departments would always be trustworthy and would provide the auditors with the correct and appropriate information.