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Professional business Ethics

Words : 2500

Answer either one of the following questions:
“Ethics is often seen as a universal panacea to ensure true accountability and effective & fair operations of an organisation. To ensure compliance a rule based approach to ethics should be implemented for all organisations. From your viewpoint should ethics be more rule based or principle based ?”
Do you agree with the statement? Discuss the above statement in depth, by reviewing, comparing and contrasting recent approaches to ethics in organisations, and the applicability of such in the organisation you work for.
“Globalization of accounting rules is the only way forward. If the world uses only a global set of accounting rules then potentially future corporate collapses can be avoided.”
Discuss the above statement in depth by considering the arguments for and against a single set of global accounting rules. Will the use of such rules prevent major corporate collapses?

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