Ethics and Governance Report: Royal Commission and APES 110 Analysis

This report provides an in-depth analysis of the Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services Industry, examining its recommendations in light of the ethical theory of deontology. It explores the commission's findings on misconduct within the Australian financial sector and evaluates the role of ethical principles in business operations. The report also includes a case study of Freedom Insurance, highlighting unethical sales practices and their implications. Furthermore, it assesses the application of the APES 110 Code of Ethics for Professional Accountants in the context of the Freedom Insurance case, emphasizing the duties and safeguards for accountants. The analysis covers key aspects of the commission's recommendations, such as the role of mortgage brokers and the importance of ethical conduct in financial services, concluding with the significance of ethical principles in the business environment and the need for compliance with ethical standards to protect stakeholders.