Ethical And Unethical Issues.

Ethical Issues Faced By Financial Managers Financial managers prepare reports, oversee accounting functions, plan investment strategies and direct cash management functions. They also are involved in branch management functions at banks and other financial institutions. Accuracy                               A company’s financial manager ensures that all financial publications accurately and fairly reflect the financial condition of the company. Accounting errors and financial fraud, such as what was seen in the cases of Enron and World Com, damage the interests of shareholders, employees and affect confidence in the financial system. Transparency                         Financial documents reflect a company's performance relative to its peers, and its internal strengths and weaknesses. Regulatory agencies require publicly traded companies to submit periodic financial statements and make full disclosures of material information.

Human resource professionals often find themselves balancing the interests of employees and employers while also striving to comply with federal, state and local laws. In some cases, an ethical misconduct definition is clear cut. In others, a human resources manager or director will have to rely on his or her professional experience and ethics to determine a proper course of action. When training human resources employees about ethical misconduct, it is often best to explain with suitable examples of the unethical issues involved in HRM . Issue 1 Overlooking Legal and Compliance Lapses HR workers may be asked to overlook violations of workplace rules or labor laws. Legal compliance, however, is essential to the long-term interests of a business, even if it means embarrassment or losing a valuable employee in the short term. Example Susan, an HR director, is approached by Dave, a sales manager. Dave is hiring for a position on his team, and he asks Susan to screen