Five Ways Small Businesses Can Avoid Ethics Problems
by AccountingWeb on
Loren G. Carlson, founder and chairman of CEO Roundtable, LLC suggests five techniques CEOs of small businesses can use to avoid ethics problems.
The five ways:
- Recognize there is no difference between "business ethics" and "personal ethics." There is no way to justify doing something in business that you would not do in personal life.
- Establish a corporate culture that rewards ethical decisions and practices. Set the right tone at the top and recognize employees who have made honorable decisions and choices.
- Set up an internal communication system that allows employees to express concerns directly to top management if they suspect wrongdoing or are uncomfortable with current practices. Consider appointing an ombudsman.
- Work with your own accounting people to reinforce the highest reporting and accounting standards and expectations. When the line between dong what is right and what is legal is fuzzy, move back to what you know is right.
- Know what is happening in your own company. Routinely walk around your company and talk with your employees directly. Schedule brown bag lunches with your own people in your office. Be accessible and interested.
For more information, visit the CEO Roundtable's Web site.
You may like these other stories...
For the first time in the five-year history of Vault.com’s rankings of the top 50 accounting firms to work for in North America, a firm has held the top spot as best accounting employer for two consecutive years....
With tomorrow being Tax Day, you might see some procrastinators at your office filling out forms, printing out paperwork, or getting last-minute tax advice from their accountant so they can meet the IRS’s filing...
You can read volumes on how to manage an accounting practice. But if you want the quick version, just read the following four points. Everything else is just commentary. (These points come out of the 1997 book, The...
Upcoming CPE Webinars
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.