logo

(PDF) Professional Ethics Assignment

   

Added on  2020-12-09

15 Pages4448 Words75 Views
 | 
 | 
 | 
PROFESSIONALETHICS
(PDF) Professional Ethics Assignment_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Fundamental principles of ethical behaviour...................................................................11.2 Legal, regulatory and ethical requirements that affect accounting and finance sector....21.3 Role of professional bodies in accounting as well as financial sector...........................21.4 Expectation to operate business within code of conduct and practice.............................31.5 Risk of improper practice within an organisation and importance of vigilance...............31.6 Opportunities for maintaining an up-to-date knowledge of changes to codes of practice,regulation and legislation which affect accounting and finance sector..................................4TASK 2............................................................................................................................................52.1 Ways in which work can be carried out ethically.............................................................52.2 Importance of objectivity and maintaining a professional distance between professionalresponsibilities and personal life............................................................................................52.3 Importance of adhering to organisational and professional values, code of ethics andregulations..............................................................................................................................62.4 Importance of adhering to organisational policies to handle clients' monies...................62.5 Circumstances where confidential information should be disclosed...............................72.6 Importance of working within limits and confines of own professional experience,knowledge and expertise........................................................................................................7TASK 3............................................................................................................................................73.1 Identification of relevant Authorities and internal departments where suspected illegalacts are reported......................................................................................................................73.2 Action to take in instances when requests for work are beyond the employee’scompetence.............................................................................................................................83.3 How to report inappropriate behaviour of client..............................................................8
(PDF) Professional Ethics Assignment_2

3.4 Internal and external procedures to be followed for stopping illegal and unethicalpractices..................................................................................................................................93.5 Strategies that prevent ethical conflicts............................................................................9TASK 4............................................................................................................................................94.1 Importance of an ethical approach to sustainability.........................................................94.2 Responsibilities of finance professionals in upholding the principles of sustainability.10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
(PDF) Professional Ethics Assignment_3

INTRODUCTIONProfessional ethics are a set of principles or guidelines that are used for governingbehaviour of an individual in today's complex business situations and environment. Broadlyspeaking, professional ethics are a combination of personal as corporate standards that areconsidered by individuals and businessmen in their organisation (Cheng, 2012). In this report,Barclays Bank has been considered while forming this report. Barclays plc is a Britishmultinational banking as well financial services providing business concern with its headquartersin London, UK. It is basically a public limited business concern. This report discusses variousprinciples of ethical behaviour along with relevant and regulatory requirements that have aneffect on financial sector. In addition to this, ethical behaviour of individuals is studied whileworking with internal as well as external customers. Also, importance of organisational andprofessional values has also been specified here. Third part of this report stresses onunderstanding about when and how appropriate action should be taken for checking if ethical;codes have been breached or not. TASK 11.1 Fundamental principles of ethical behaviour.Ethics refers to basic set of principles that involves systematizing , defending as well asrecommending basic policies on basis of right or wrong. There are various values that need to befollowed in an organisation such as integrity, professionalism, team work and so on. In contextof Barclays Bank, its financial and accounting employees should be well versed with five mainvalues that have been stated as under:Integrity: Integrity refers to a personal quality that states that individuals should be trueand fair in their approach. In case of recent context, an accountant should be true, fair and honestin their approach while performing business functions.Objectivity: Objectivity is a quality which means an individual should be independentand free from personal bias in their approach. In case of individuals working in finance sector,they should keep themselves away from personal bias or conflicts for overriding otherprofessionals (Forster, 2012). Professional behaviour: Professionalism is an approach or way in which people conductthemselves. Two main elements of professional behaviour are respect for others as well as1
(PDF) Professional Ethics Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Professional Ethics Assignment Solution
|14
|3841
|342

Professional Ethics & Social Responsibilities : Assignment
|14
|4100
|434

Principles of Ethical Behaviour Assignment
|15
|4447
|168

Ethical Issues in Professional Fields
|13
|4303
|42

Ethical Behavior in the Workplace
|13
|4194
|80

Professional Ethics- PDF
|15
|4000
|68