“The integrity of business depends on the integrity of its accountants.” – John L. Daly, Executive Education, Inc. In the 1976 movie, Network, Peter Finch played a news anchor so upset with world events that he delivers a TV speech with the famous line “I’m mad as hell and I’m not going to take it anymore.” These days, when we learn of foolish business decisions leading to a crisis, we financial professionals may feel the same way.
Course ID: EIA
Ethics in Action: Protect and Defend
- To provide participants with insight into accountants’ stewardship role.
Look at a recent history of corporate misdeeds:
- The problem of “short-termism” and the need for “patient capital”
- The problem of over-reliance on government solutions How we can restore trust in business and protect the integrity of our profession. Three lines of defense:
- Financial Managers inside organizations act as an “early warning system” to assure the company aligns its business model and risk tolerances.
- Internal auditors determine if their organization’s risk capacity exceeds its risk appetite.
- External auditors become more proactive in understanding their client’s business models and helping to shape professional standards. Stewardship’s attributes and what accounting professionals can do to create corporations that are more responsible to ALL their stakeholders. Case Studies and Discussion This seminar includes discussion of real world ethics cases