So what is ethics? According to me, ethics is about the standards that tell me what is right to be done or wrong to be avoided. It is that which prescribes what I/ people should do. It is about specific virtues, obligations, fairness, rights and benefits to society. For instance, ethics impose an obligation on me (as a business) not to sell substandard items or cheat to avoid taxes despite the fact that the associated financial gain may be tempting and hence it may feel right to do so. In the same vein, ethics impose an obligation not to steal, rape, murder or defraud among other unethical behaviors.
Ethics also bind one to be honest, loyal and compassionate. In addition, ethics also incorporates respect for others’ rights such as right to life, safe working environment and right to privacy. I concur with Josephson (2007) on ethics being the practice of such values as respect, responsibility, citizenship, fairness, care and trustworthiness as pillars that should guide our choices, character and behaviors in life. In fact, ethics should be held dearly by everyone whether as individuals or as organisations.
This is because it is ethics that will guide our harmonious coexistence. If I respect other people’s rights, they will also respect mine and hence we will live peacefully together (Pfeffer, J2013). Similarly, the business has a responsibility to engage in ethical practices. This will in turn guarantee the business a conducive working environment as it does not operate in a vacuum. Furthermore, this will ensure that the business participates in national development through paying taxes and obeying the laid down laws.
References: Adeola, O2010, Law and Ethics, Oxford, Oxford University Press. Cohen, S2004, The nature of moral reasoning: international management ethics and values, Melbourne, Oxford. Josephson, B2013, Making ethical decisions, London, Rutledge. Michael, J2012, What is ethics, Issues in Ethics, vol. 105, no.2, pp.95-102. Pfeffer, J2013, Power, Capriciousness and consequences, Harvard Business Review, vol. 91, no. 4, p.36. Entry 2: How social and environmental sustainability would apply in the accounting profession It is no doubt that the business has contributed immensely to environmental degradation that we continue to witness today.
Some business activities including deforestation, some mining activities such as mining of fossil oils as well as manufacture and use of certain chemicals are some of the activities that the business has constantly engaged in that lead to environmental degradation. Unfortunately, environmental degradation also has negative social consequences such as changes in climate leading to spread of desert, hunger as well as emergence of diseases such as cancers which we are witnessing today. Therefore, I think that the business is largely to blame for environmental degradation we witness today.
Fortunately, the business and the wider society have become increasingly aware of the environmental changes that are being witnessed globally today (Crane, etal, 2008). There has been increasing effort towards environmental and social sustainability both by individuals and organisations. Despite this development, I think that the notion that environmental and social sustainability is a preserve of the business, environmentalists and certain professions is misleading. Since everyone is affected negatively by environmental degradation, I think everyone including the doctor, the civil society, the management, marketers, accountants and the wider society among others should embrace environmental and social sustainability practices if we are to overcome environmental degradation as well as the related negative social effects that we witness today.
The accountant is one such professional who should embrace environmental and social sustainability practices in conducting the accounting work. Traditionally, the role of accountants has been that of financial accountability. This was the case when making profit was the sole aim of the business without giving regard to how the company can sustainably continue being profitable (Steiner, 2009).
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