Professional Documents
Culture Documents
Resource Person: Muhammad Rizwan Younis: UMT, Lahore
Resource Person: Muhammad Rizwan Younis: UMT, Lahore
Resource Person: Muhammad Rizwan Younis: UMT, Lahore
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Course Contents
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Course Contents
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Course Contents
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Course Contents
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Recommended Books
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Ethics:
What’s the
Fuss?
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When evaluating one’s goals and
objectives, a vital question must be
asked: What is your highest
aspiration?
A. Wealth
B. Fame
C. Knowledge
D. Popularity
E. Integrity
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If integrity is second to any of the
alternatives, then it is subject to
sacrifice in situations where a
choice must be made. Such
situations will inevitably occur in
every person’s life.
9
Why talk about ethics?
In the aftermath of major corporate failures and
questionable accounting practices, American
Accounting Association President G. Peter Wilson
said that in the classroom, educators need to
increasingly emphasize the value of integrity, what
has long been a mainstay of accountants’ reputation
10
In a recent Wall Street Journal
article, Psychology professor Steven Davis
says that cheating by high school students has
increased from about 20 percent in the 1940’s
to 75 percent today.
“Students say cheating in high school is for
grades, cheating in college is for a career.”
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If students lack ethics in high school and
college, then there should be little surprise
that they lack ethics in their careers. Greed
and over-reaching ambition often end in
disastrous personal consequences.
12
Many institutions of higher education have
developed policies regarding ethics education.
For instance, the Faculty Handbook of the Mays
Business School at Texas A&M University
includes the following statement:
“Therefore, faculty and staff have a
responsibility for creating an academic
environment that promotes honest academic
inquiry and teaches students ethical behavior in
the process.”
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Educational Institutions
have established ethics
codes for their students,
e.g. the U.S. Air Force
Academy:
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What do profs think?
In a survey of college faculty, 187 professors responded to
several statements about teaching ethics:
1. The importance of ethics and personal integrity
should be stressed in the courses I teach. 4.75
2. The basis for ethics and personal integrity
should be discussed (e.g. benefit to society as a
whole, moral and religious foundations of
society, etc.) 4.11
Note: Scores are based on a scale from
1: Strongly Disagree to 5: Strongly Agree
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American Institute of CPAs Code of
Professional Conduct, Principles
Article I:
In carrying out their responsibilities as
professionals, members should exercise
sensitive professional and moral
judgments in all their activities.
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Is there an ethics crisis in
America?
One recent national election day poll
indicated that 56 percent of voters
thought that America’s problems are
“primarily moral and social.” Only 36
percent thought that the nation’s
problems were “primarily economic.” 17
Can ethics be taught? Teddy Roosevelt
said, “To educate a person in mind and
not in morals is to educate a menace to
society.”
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In his best-seller, The Closing of the American
Mind, Allan Bloom says that the eternal conflict
between good and evil has been replaced with “I’m
okay, you’re okay.”
In fact students must be taught that it is “moral” to
never think they are right because that mean
someone else is wrong.
George Washington’s
Thanksgiving
Proclamation of 1789
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Of all the dispositions
and habits which lead
to political prosperity,
religion and morality
are indispensable
supports… Reason and
experience both forbid
us to expect that
national morality can
prevail in the exclusion
of religious principle.
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“God who gave us life gave us liberty.
Can the liberties of a nation be secure
when we have removed a conviction
that these liberties are the gift of God?”
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U.S. Declaration of
Independence
The second paragraph of
America's founding document
states:
"We hold these truths to be
self‑evident, that all men are
created equal, that they are
endowed by their Creator with
certain unalienable rights, that
among these are life, liberty
and the pursuit of happiness."
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Where Do We Start?
Upon What Can We Agree?
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Whether we
derive a code of
ethics from
religious beliefs, a
study of history
and literature, or
personal
experience and
observation: We
can all agree
upon some basic
values. 28
In an issue of Management Accounting,
James Brackner stated: The universities are
responding with an increased emphasis on
ethical training for decision making. For the
most part, however, they ignore the teaching
of values. For moral or ethical education to
have meaning there must be agreement on
the values that are considered “right.”
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Be sure you are
right, then go
ahead.
Davy Crockett
1786-1836
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A nation or a culture
cannot endure for long
unless it is undergirded
by common values such
as valor, public
spiritedness, respect for
others and for the
law; It cannot stand unless it is populated by
people who will act on the motives superior to
their own immediate interest.
Chuck Colson, Against the Night
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When the situation
needs improvement,
Gandhi offers
guidance: “You must
be the change you
wish to see in the
world.”
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Michael Josephson, in Chapter 1 of
Ethical Issues in the Practice of
Accounting, describes the “Ten Universal
Values: “Honesty, integrity, promise
keeping, fidelity, fairness, caring, respect
for others, responsible citizenship, pursuit
of excellence, and accountability.”
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“Until about 50 years ago, it was commonly
accepted that universities were to provide
students not only with knowledge and skills,
but also moral guidance based on the
essentials of the Western tradition.”
Business Prof Geoffrey Lantos
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“If we want to
produce people
who share the
values of a
democratic
culture, they must
be taught those
values and not be
left to acquire
them by chance.”
Cal Thomas, The
Death of Ethics in
America
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Can you make a difference?
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“To sin by silence when they should
protest makes cowards of men.”
Abraham Lincoln
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“To see what is right
and not to do it is
want of courage.”
(Confucius)
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‘The right way is not always the popular
and easy way. Standing for right when it
is unpopular is a true test of moral
character.’
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“Leadership is a potent combination of
strategy and character. But if you must be
without one, be without strategy.” General H.
Norman
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The reputation of a thousand
years may be determined by the
conduct of one hour.
Japanese proverb
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At a Congressional
Hearing on Accounting
and Business Ethics,
distinguished
entrepreneur, Truett
Cathy, stated: "A good
name is more desirable
than great riches; to be
esteemed is better than
silver or gold."
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President
Lincoln
said:
Honor is
better
than
honors.
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Importance in religion
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Importance in Islam
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Importance in religion
Khayer (Goodness)
Ma’ruf (Know and approved)
Taqwa
Adl (Justice)
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Importance in philosophy
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Ethics
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