Compliance of a Company with Business Ethics Codes - Analysis

ASSIGNMENT COVERSHEET
PROFESSIONAL PRACTICE IN ACCOUNTING
Student name: Zihaan Zimzar
Student No. 11603602
Subject code: ACC 275
Subject name: Professional practice
In accounting
Assessment No. 03
Assessment title: Professional
Obligation
Lecturer name: Dr. Craig Bellamy
Due date: 26-September-2018

ZIHAAN ZIMZAR (11603602)
Executive Summary
A business must delegate its operation to the individuals who comply with the authorized
code of ethics of the business and reinforcing the same with the defined work behaviors.
This would also help in building a strong team along with more productivity and a healthy
workforce. The discussion deals with the analysis of the compliance of a company with the
various codes of business ethics, which is the core capability that employers want in new
hires and the existing employees. This would also help to build a strong team, and it also
increases productivity and creates a healthy workforce. In the current discussion a face to
face interview is to be conducted in order to make sure whether the employees of a business
is aware of their codes of the professional body and their policies and procedures of the
business. For the analysis the chosen individual is an accountant of a retail firm in Australia.
In case of a breach of the ethical codes in the organization warning are given at first and are
supervised for some time. However, in case the violation is a major one, the situation is taken
to the management level and the level of punishment is decided accordingly decided that may
include suspension to expulsion.
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ZIHAAN ZIMZAR (11603602)
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................4
The questions asked for the face to face interview................................................................4
The interview.........................................................................................................................4
Ethics in Professional Accounting Bodies.............................................................................8
Differences and Similarities in Expectations.........................................................................8
Reflection.............................................................................................................................10
Conclusion...............................................................................................................................11
References................................................................................................................................12
Appendix..................................................................................................................................14
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ZIHAAN ZIMZAR (11603602)
Introduction
The discussion deals with the analysis of the compliance of a company with the
various codes of business ethics, which is the core capability that employers want in new
hires and the existing employees. The Core capabilities does not include tangible skills such
as having a sophisticated level of computer literacy or having a great sales record, but core
competencies have a strong impact on the performance of the employees. A business must
delegate its operation to the individuals who comply with the authorized code of ethics of the
business and reinforcing the same with the defined work behaviors (Dion, 2017). This would
also help to build a stronger team, and it also increases productivity and creates a healthy
workforce. In the current discussion a face to face interview is to be conducted in order to
make sure whether the employees of a business are aware of their professional body’s codes
and their organisation's policies and procedures. For the analysis the chosen individual is an
accountant of a retail firm in Australia. The financial accountants are those individuals in a
firm who gives specialist services to organizations to make sure that they are financially
stable and obey the various legal regulations and requirements (Donaldson, 2016). They
make the financial statements on the basis general ledgers and participate in important
financial decisions involving mergers and acquisitions, benefits planning and long-term
financial projections.
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