Ethics

“Ethical” investments are consistently outperforming their more traditional counterparts in the broader market - busting the myth that doing good necessitates financial sacrifice.

Does ethical investment pay higher returns?

More companies are realising that sound environmental, social and governance principles make financial sense, with ethical investments outperforming their more traditional counterparts.

How can accountants strike the right balance if they discover their client is acting illegally or against the public interest.

NOCLAR: balancing the needs of clients with the greater good

A new section in the Code of Ethics for accountants provides a guide on what to do if they come across a client’s non-compliance with laws and regulations (NOCLAR). Ahead of his appearance at WCOA 2018, Dr Stavros Thomadakis talks about how accountants can strike the right balance if they discover their client is acting illegally or against the public interest.

It probably comes as no surprise that social media defamation suits are rising exponentially across the world. Illustration: Ellen Porteus.

Social media defamation: how bad 'netiquette' can cost you in court

Shutting down keyboard warriors can be a battle but with social media defamation on the rise, potential financial penalties may become a major deterrent to saying the wrong thing.

While workplace policies encourage anonymous whistleblowing, Australia’s Corporations Act protects only whistleblowers that are willing to identify themselves. Illustration: Adam Nickel.

Tell the truth and ruin your career: should whistleblowers be compensated?

As many corporate whistleblowers have discovered, doing the right thing isn’t always rewarded. Instead, telling the truth can be followed by retribution and career ruin. How do we make it safe to speak up?

American con artist George C. Parker claimed to have "sold" the newly opened Brooklyn Bridge up to twice a week for 30 years. Police stopped several of his victims from erecting toll booths on their new purchase. Illustrations: Michael Killalea

Ponzi scheme, fraud, white-collar crime: 6 modern-day swindlers and how they did it

The only thing more surprising than fraud itself is the level of respect and power perpetrators - Bernie Madoff, Belle Gibson, Martin Shkreli and the like - achieve before being brought to justice.

Informed consent also requires accountants to give their clients sufficient time to form an opinion about the information and any proposed transaction.

FASEA draft code of ethics puts informed consent back on the radar

Informed consent is not new to financial advisers, but a new exposure draft is raising questions.

New requirements in the Code of Ethics for professional accountants ensures practitioners respond in a timely way.

Why you can’t turn a blind eye to non-compliance by a client

New requirements in the Code of Ethics mean that accountants may, in some instances, have to report client non-compliance with laws and regulations (NOCLAR).

The Code, through NOCLAR, allows accountants to disclose a suspected illegality to an appropriate authority without being in breach of confidentiality.

NOCLAR: When public good means accountants should speak up

Accountants can now speak out without breaching confidentiality principles if they suspect illegal activity under new NOCLAR ethical guidelines.

While we all have our cultural and individual differences, can we also accept that each one of us can choose what is morally right and wrong?

How does culture affect ethics?

Is your right and wrong the same as everyone else’s?

Obligations under APES 315 compilation of financial information

In March 2017 the Accounting Professional & Ethical Standards Board (APESB) issued the revised APES 315 Compilation of Financial Information effective for compilation engagements commencing on or after 1 July 2017, with early adoption permitted.

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Ethical Business Lessons eBook

While most of us want to do the right thing, sometimes we fail to adequately consider all aspects of a situation or are influenced by human limitations in perception and thinking. This collection can help.

Featured essays:

  • Make sure your voice is heard at work before you leave
  • Does reciprocity stop workers from doing the right thing?
  • There are no words to excuse a bad work ethic
  • Keep your accounting hat on
  • Why ethics and law are not the same thing
  • Should intuition be trusted on the job?
  • Move over "buyer beware" – it's the seller's turn
  • Are your ethics taking a wrong turn?
  • Bullies and bystanders
  • Counting the consequences
Download the eBook.