business ethics

Marks: 20 Each answer will carry Four Marks (5x 4 Marks = 20) Case 01 The Ethics of Looking Busy Some bosses just like you to be there, whether you need be there or not. So, I have come up with ways to look like workaholic" Wahab Riaz said 'I can be off shopping or on a two- hours lunch, and everyone back at the office think. I am still there She noted, smiling Wahab Riaz than listed her strategies. Before leaving, place a fresh, steaming cup of coffee on your desk; people assume you'll be right back; Always leave the lights on and the computer running; Hang around the office until the last supervisor leaves - than go ..... Arrive early and let them see you, your car, and your office up and running and then leave for morning; Go in on Saturday and stay for a few hours- you do not need to work, just make sure some one sees you; If you leave early, call back in and ask some one to look some thing up in your office- they will assume you are at an out-of-office meeting; If you must make personal calls, always have a pad in front of you, write on it frequently and speak firmly (the rest of the office will think you're negotiating) Leave personal belongings (coat, Jacket) in your office to give the impression that you are returning; Questions 01 : Evaluate Wahab Riaz strategies from the an ethical perspective?. Questions 02 : Should Wahab Riaz consider flexible hours? Why? Explain in detail?. Case 02 Arthur Edward Anderson (1885-1947), the founder of the Arthur Anderson & Co; must have turned in his grave in 2001, as the auditor firm founder by him become a synonym of the scandal in the accounting profession. On 15th August 2001. Sherron Watkins, an employee of Enron, questioned the company's accosting practices, in a single page letter to its CEO Enron, the energy giant that ruled the world, and its auditor Arthur Anderson & Co became the ridicule of the world. In early 2002, the USA Justice Department began criminal investigations into Enron's bankruptcy. In 2002, Arthur Anderson was convicted by the lower and appellate courts for obstruction of justice. The firm had worked hand in glove with Enron and cooked its account books. The audit firm that once had an 85,000 strong workforce now had closed offices and business interest around the world. The firm's name is so tarnished that there is no other business going on in it, other than attending to over a hundred civil suits. Questions 03 : What do you think can be the outcomes an accounting fraud to the society and business at large? Questions 04 : Why do you think that the history of accounting fraud repeats itself, such as so many frauds which we have heard after the Euron scandal?. Research Based Questions 05 : What you can do to Improve Ethics at your own company