Question Tag: Corporate Code of Ethics

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MGE – May 2018 – L2 – Q3a – Ethics in Business

Explores the quality of professionalism required for accountants and the purpose of corporate code of ethics.

There is an increasing demand for professional accountants to pay close attention to ethical standards as they carry out their professional duties. This requires, among other considerations, that accountants act professionally and in the public interest. They are also expected to abide by the code of ethics of their profession and the corporate code of ethics of the organizations in which they work.

i. As an Accountant, explain the quality of professionalism you need to exhibit in the discharge of your duties. (6 Marks)

ii. Discuss the nature and purpose of a corporate code of ethics. (9 Marks)

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CSME – Nov 2021 – L2 – Q7 – Corporate Ethics Programs

Explanation and purpose of corporate code of ethics and its content for organizations.

It has become common practice among organizations to have a Corporate Code of Ethics.

Required:

a. Explain Corporate Code of Ethics and its purpose. (5 Marks)
b. Provide an outline of the content of Corporate Code of Ethics. (10 Marks)
(Total 15 Marks)

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CSME – Nov 2018 – L2 – Q4 – Ethics in Business

Discuss ethical considerations for accountants, actions to serve the public interest, and the nature and purpose of a corporate code of ethics.

There is an increasing demand on professional accountants to pay close attention to ethical standards as they carry out their professional duties. This requires, among other considerations, that accountants act professionally and in the public interest. They are also expected to abide by the code of ethics of their profession and the corporate code of ethics of the organization in which they work.

Required:

a. Discuss the ethical considerations a professional accountant should attend to in the discharge of professional duties. (6 Marks)

b. What specific actions are you expected to take in order to serve the public interest? (5 Marks)

c. Discuss the nature and purpose of corporate code of ethics. (9 Marks)

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CSME – May 2019 – L2 – Q4 – Ethics in Business

Advise on the nature of a corporate code of ethics, reasons for developing it, and provisions for employees and customers.

Drewal and Taiwo jointly established a plastic company after a long period of economic recession. The Board of Directors is in the process of drawing out the corporate code of ethics for the company. Advise it on:
a) The nature of a corporate code of ethics. (2 Marks)
b) THREE basic reasons for developing a company’s code of ethics. (6 Marks)
c) Any FIVE general provisions that a corporate code of ethics should specify. (5 Marks)
d) FOUR provisions or statements the corporate code of ethics should have in respect of employees and any THREE in respect of customers. (7 Marks)

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BMF – May 2022 – L1 – SB – Q5a – The Role of Professional Accountants in Business and Society

Explaining key business ethics terms and concepts.

Explain the following terms:
i. Business ethics
ii. Whistle blowing
iii. Ethical dilemma
iv. Conflict of interests
v. Corporate code of ethics
vi. Principles-based code of ethics

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BMF – Nov 2019 – L1 – SB – Q3 – The Role of Professional Accountants in Business and Society

Explain the term "Corporate code of ethics" and discuss ways to deal with stakeholders and benefits of code of ethics.

(a) Explain the term ‘Corporate code of ethics’ and state the contents thereof. (5 Marks)

(b) The code of conduct recommends the way each stakeholder group might be treated ethically. Explain briefly TWO ways of dealing with employees, customers, and competitors ethically. (6 Marks)

(c) State the THREE main benefits of a corporate code of ethics. (9 Marks

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MGE – May 2018 – L2 – Q3a – Ethics in Business

Explores the quality of professionalism required for accountants and the purpose of corporate code of ethics.

There is an increasing demand for professional accountants to pay close attention to ethical standards as they carry out their professional duties. This requires, among other considerations, that accountants act professionally and in the public interest. They are also expected to abide by the code of ethics of their profession and the corporate code of ethics of the organizations in which they work.

i. As an Accountant, explain the quality of professionalism you need to exhibit in the discharge of your duties. (6 Marks)

ii. Discuss the nature and purpose of a corporate code of ethics. (9 Marks)

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CSME – Nov 2021 – L2 – Q7 – Corporate Ethics Programs

Explanation and purpose of corporate code of ethics and its content for organizations.

It has become common practice among organizations to have a Corporate Code of Ethics.

Required:

a. Explain Corporate Code of Ethics and its purpose. (5 Marks)
b. Provide an outline of the content of Corporate Code of Ethics. (10 Marks)
(Total 15 Marks)

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CSME – Nov 2018 – L2 – Q4 – Ethics in Business

Discuss ethical considerations for accountants, actions to serve the public interest, and the nature and purpose of a corporate code of ethics.

There is an increasing demand on professional accountants to pay close attention to ethical standards as they carry out their professional duties. This requires, among other considerations, that accountants act professionally and in the public interest. They are also expected to abide by the code of ethics of their profession and the corporate code of ethics of the organization in which they work.

Required:

a. Discuss the ethical considerations a professional accountant should attend to in the discharge of professional duties. (6 Marks)

b. What specific actions are you expected to take in order to serve the public interest? (5 Marks)

c. Discuss the nature and purpose of corporate code of ethics. (9 Marks)

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CSME – May 2019 – L2 – Q4 – Ethics in Business

Advise on the nature of a corporate code of ethics, reasons for developing it, and provisions for employees and customers.

Drewal and Taiwo jointly established a plastic company after a long period of economic recession. The Board of Directors is in the process of drawing out the corporate code of ethics for the company. Advise it on:
a) The nature of a corporate code of ethics. (2 Marks)
b) THREE basic reasons for developing a company’s code of ethics. (6 Marks)
c) Any FIVE general provisions that a corporate code of ethics should specify. (5 Marks)
d) FOUR provisions or statements the corporate code of ethics should have in respect of employees and any THREE in respect of customers. (7 Marks)

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BMF – May 2022 – L1 – SB – Q5a – The Role of Professional Accountants in Business and Society

Explaining key business ethics terms and concepts.

Explain the following terms:
i. Business ethics
ii. Whistle blowing
iii. Ethical dilemma
iv. Conflict of interests
v. Corporate code of ethics
vi. Principles-based code of ethics

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BMF – Nov 2019 – L1 – SB – Q3 – The Role of Professional Accountants in Business and Society

Explain the term "Corporate code of ethics" and discuss ways to deal with stakeholders and benefits of code of ethics.

(a) Explain the term ‘Corporate code of ethics’ and state the contents thereof. (5 Marks)

(b) The code of conduct recommends the way each stakeholder group might be treated ethically. Explain briefly TWO ways of dealing with employees, customers, and competitors ethically. (6 Marks)

(c) State the THREE main benefits of a corporate code of ethics. (9 Marks

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