ETHICS AND AUDITING BUSINESS PRACTICES

Ethics and Auditing Business Practices



ACKNOWLEDGEMENT

I would like to take this chance for thanking my research facilitator, friends & family for support they provided & their belief in me as well as guidance they provided without which I would have never been able to do this research.

DECLARATION

I, [………..], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

Signed __________________ Date _________________

ABSTRACT

This paper shall discuss the hybrid effects of ethics and their application on auditing business practices. Business managers work long and hard for the purpose and understanding auditing practices, their application, implementation and effective use of understanding financial performance of institutions, firms and corporations working around the globe. Keeping in view the ethical standards set and practiced frequently around the organization, auditors issue reports of a particular organization that covers the overview of a financial institution's truth and fair assessment and conduct of their organization. The paper shall covers different facets of auditing and ethical considerations that shall help us understand the use of ethics in auditing context.

TABLE OF CONTENTS

ACKNOWLEDGEMENT2

DECLARATION3

CHAPTER 01: INTRODUCTION6

Context and Background of the Problem6

Statement of the problem7

Hypothesis/ Research question7

Research Objectives7

Significance of the Study8

Limitations of the Study8

Research Design and Methodology8

CHAPTER 02: LITERATURE REVIEW9

Impacts of Ethics in History9

Role of Auditors in an Industry11

The smash into of 200812

Financial Accounting and Auditing Practices12

Countries need reforms13

The Impact of Lehman's Demise15

The 6 pillars of Ethical Conduct16

Trust17

Emotional Intelligence17

Performance Focus19

Courage21

Support22

Shared Learning23

Communication: The key to all successes30

CHAPTER # 3: METHODOLOGY AND RESEARCH DESIGN33

Interpretive Research35

Literature Search36

RESEARCH METHODS ISSUES AND ETHICS AND ACCESS39

CHAPTER # 4: CONCLUSION44

CHAPTER # 5: DISCUSSION AND ANALYSIS46

CHAPTER 01: INTRODUCTION

In this study, the investigator shall discuss the ebbs and flows of auditing conduct and the challenges, compliance concerns and attempts made to restore smooth and peaceful operations of audit in alignment of ethical conduct. The paper shall cover key aspects and present significant evidentiary support to prove the impact of ethics on auditing business practices and vice versa.

Context and Background of the Problem

In an increasingly complex auditing business where leadership ethics, integrity, and honesty are being challenged, it behooves organizational business leaders and auditors reviewers to take control of ethical behavior projected and intended all across the organization. However, every individual values, beliefs, and ideas about what is right or wrong will always vary because of our varying cultural differences and our unique experiences (Zenger, 2010, 20-21).

Auditors on the other hand, play a very important role in detecting fraud and making ethical decisions as a result of their findings. Auditing is the accretion of proofs about information to decide and report on the amount of association between the information and recognized criterion. Executives in most fields are distinguishing that auditor's internal or external aide in increasing organizational efficiency and transparency (Wheeler, 2010, 1-3).

Statement of the problem

The aptitude to stay sovereign and object is key to effectual practice athwart all audit processes ...