Whistleblower, Ethic audit & ethic officer - Essay Example

Response Business practitioners need to be concerned about this ethical issue in business because it is about one’s commitment to honesty, truth, and integrity. It is sad that whistleblowers are taken to charge when what they really do is stand up for the truth unlike everybody else. Businesses should display corporate social responsibility in the first place and not engage in activities that the owners feel embarrassed disclosing to the public. From the business owners’ perspective, this ethical issue is worth being concerned about because not only is it about safeguarding their image before the society and maintaining customer loyalty, but it is also about fixing errors within the business and appreciating those that identify the errors and bring them to the management’s attention.

Erroneous financial statements may work for a short while but eventually if the mistakes are not identified and eradicated in time, they might incur the business a lot of cost in the long run. Business owners should place value in such loyal employees as Sherron Watkins and appreciate them for their dedication and courage rather than label them as whistle-blowers. On the other hand, from the employees’ perspective, this ethical issue is worth being concerned about because if they do not do justice to their job by telling the truth, they are being part of the act of fraud.

Identifying errors, bringing them to the attention of the concerned authority, and suggesting ways for their eradication is the fundamental responsibility of every employee in the business.