Ethical Obligations and Decision-Making in Accounting 2nd Edition by Steven Mintz, Roselyn Morris

Exercise 12

Review the discussion of the Tata Group Code of Conduct in Appendix 2. How do the provisions in Tata’s Code measure up to the ethical and corporate governance standards discussed in the text?

Step 1 of 2

Ethics:

Ethics in the accounting profession is defined as guidelines and principles. It includes laws and standards of behavior.

Corporate governance:

Corporate governance is defined as a rule and law under which organization regulated, operated, and controlled.

Internal control:

Internal control is the process designed by the management to achieve the following objectivities:

1. Effectiveness of the operations and rescue the risk of assets loss.

2. Reliability of financing and non-financing external and internal reporting.

3. Follow the applicable rules, regulations, and laws.