Ethics Is Everyone’s Business: The Cost of Looking the Other Way

Overview

As responsible, licensed professionals, we cannot ‘look the other way.’ We have a duty to the public, and that responsibility is crystal clear. "All that is necessary for evil to triumph is for good men to do nothing" is attributed to Edmund Burke. We must take appropriate actions and stand for what is right.

 Looking the other way has a cost, and that cost is high. Sometimes doing the right thing is difficult, but not doing the right thing has an even higher penalty. What can we do to remain ethical? Ethics is not a single event, being ethical is the best and only way we should live. We must proactively engage in society to combat evil and promote good.

Highlights

• What are the pros and cons of ‘looking the other way’?
  • The costs of ‘looking the other way’.
• What should we do when we do see something that is unethical?
  • What should we not do?

Prerequisites

At least six (6) months of professional financial statement analysis experience and/or at least six (6) months of professional experience in preparing or reviewing accounting processes and reports; experience working with internal clients or external clie

Designed For

All business professionals  

Objectives

• To identify common ethical risks related to doing nothing
• To remind participants of their on-going duty to the public

Preparation

 None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).