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Ethical Issues In Australia Essay

456 Words2 Pages

The present file is based on the ethical and corporate governance issues which CPA Australia is facing in current time. The problem regarding self-promotion by its CEO, excessive remuneration packages to the CEO and board of directors, large compensation packages to the other professional financial accounting bodies and use of unethical language in the working environment have been described into the file. Along with this, appropriate solutions have been also recommended to the respected company with respect to the discussed problems.

Table of Contents
EXECUTIVE SUMMARY 2
INTRODUCTION 5
ANALYSIS OF THE PROBLEM: 6
CONCLUSION 8
REFERENCES 9

INTRODUCTION
Ethics refers to the part of philosophy which includes systematizing, defending and recommending the concepts regarding what is wrong and what is right. This term seeks to answer the questions regarding human morality by explaining various concepts such as good and evil, right and wrong, virtue and vice, justice and crime and much more. The three top areas of the ethics are Meta-ethics, normative ethics, and applied ethics. Each type has its definition and importance. Companies are implementing various approaches for conducting ethical work and maintaining the morale of employees. The ethical …show more content…

The primary objective of this term is to balance the interests of the stakeholders like customers, suppliers, government, community, shareholders, management and financiers of the firm. With the help of governance structures and principles, companies are capable enough to distribute the rights and responsibilities of its various participants such as shareholders, creditors, auditors, regulators, the board of directors and many others (Armstrong, Blouin, Jagolinzer & Larcker,

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