CQ University & APESB Code Of Ethics

CQ University & APESB Code Of Ethics

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CQ University & APESB Code Of Ethics

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Executive Summary This report is primarily written as a business report that focuses on investigating the CQUniversity and APESB codes of ethics and corporate governance practices.

The report has evaluated the identification of stakeholder groups that are impacted by these documents as well as the business ethics issues that these two organizations address in relation to their codes of ethics.

In addition, the report has provided a response to the voluntary practices and mandatory requirements.

In addition, the report has demonstrated how these two organizations’ policy documents reflect aspects of corporate governance.

In addition, the report has discussed the transparency that is maintained in the two documents that are associated with the institutions.

Overall, this report is important information for the two institutions to know about their current corporate governance practices and the importance of the ethics code’s principles and practices to protect stakeholders’ interests and other issues.

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Affordable rates that fit everyone’s budget. Introduction: Ethics can be thought of as perspectives that show what is right and wrong to do.

According to Plessis and Bagaric (2010), a business organization must adhere to important ethics and positive practices that benefit the organization’s various stakeholders.

According to Vilcox and Mohan (2007), in order to align various organizational practices with particular ethical practices, distinct codes of ethics and standards must be established by various authorities.
In this regard, the purpose of the presented report is to assess the professional ethics code and the code of ethics for the CQ University in Australia.

In this regard, the presented report reflects both reports in different ways, like identifying stakeholders for the ethics code for both reports; identification of the aspects in two documents that respond to or represent both voluntary practices and mandatory requirements.

The report also discusses the state of corporate governance and transparency at these two institutions at the present time.
Stakeholder Groups Identified and Emerging Business Ethics Issues Addressed By Two Documents Two documents, namely; sample-assignment-help-services-students-assignment-help In order to achieve the organization’s goal of ethical sustainability, the CQ University Code of Conduct and the Professional Accountants’ Code of Ethics examined in the report have elaborated on specific practices, rules, and regulations for the relevant stakeholders. In this way, the documents look at different stakeholders and different business ethics issues to see if the operations of the two related organizations are ethically viable. In light of this, the CQ University code of ethics document has indicated that it was drafted with the following stakeholders in mind:
• Executives:
The University expects supervisors to adhere to ethical guidelines when guiding students in their research and coursework.
• Workers:
According to CQ University Australia (2012), employees appointed to carry out various university operations are also categorized as stakeholders of the organization.
Members of the Council:
Members of Councils who hold regulatory positions and are in charge of the university’s strategic direction are prime stakeholders for the code of conduct.
In addition, the second document exemplifies the three primary stakeholders for the document, which are as follows:
• Workers:
The primary stakeholders are those appointed to oversee the organization’s various operational activities (APESB, 2011).
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The document also covers other organizations like banks, insurance companies, and pension funds.
• Authority in the Administration:
The organization’s authorities and regulatory board are also significant stakeholders in the code of ethics.
Both of these organizations need to be able to deal with a number of ethical issues because they are susceptible to them. For example, According to the CQ University Australia Code of Ethics, workplace safety and enjoyment for employees and supervisors, as well as issues related to workplace harassment and bullying on the university campus, are the primary ethical concerns facing the organization at the present time.
In addition, the university’s employees’ use, handling, storage, and transportation of its property and goods in a safe manner is a pressing issue under current circumstances, necessitating ethical decision-making on the part of the administration. Different ethical guidelines for maintaining a safe and enjoyable workplace are reflected in the document.
The Accounting Professional and Ethical Standard Boards (APESB) created the second document, which demonstrates that business organizations face a number of issues in the field of accounting, such as financial fraud or accounting inaccuracies, which violate legislative requirements (APESB, 2011).
The global financial sector has recently witnessed a number of violations of corporate governance regulations, raising doubts about these instruments’ viability and practicability.

To address these issues, a specific and practical policy measure that can help professionals’ accounting practices adhere to ethical accounting standards is required.

In addition, one of the most important issues related to business ethics reflected in the document is the rise in legal requirements for more ethical accounting practices.
Aspects of Ethical Practices That Are Reflected In Response To Mandatory Requirements And Voluntary Practices The two documents that were looked at reflect a variety of ethical practices.

Some of these aspects are examples of voluntary practices, while others can be seen as responses to mandatory requirements. The following aspects can be discussed:
Aspects that respond to obligatory requirements include:
The CQ University’s code of ethics outlines supervisors’, staff members’, and council members’ responsibilities regarding duty of care and their roles when participating in external activities and public comments (CQ University Australia, 2012).

The Queensland public sector ethics act of 1994 is perfectly reflected in these practices.

All stakeholders and members of the university are obligated to respect the inherent dignity of all students and other individuals in accordance with these ethical guidelines.

Additionally, the University’s members are required to actively participate in the community of scholars in accordance with the act’s statutory requirements.

In addition, members of the university are obligated, under the workplace health and safety act of 1995, to ensure a safe working environment.
In a similar vein, the APESB’s ethical standards outline specific ethical practices for accountants that are quite in line with the mandatory requirements set forth by the local legal authorities.
For instance, According to the organizations’ ethical documents, all accounting professionals are required to have specific transitional provisions regarding public interest entities, including non-assurance services, partner rotation, compensation for accounting fees, evaluation policies, and organization size (APESB, 2011).

All of these ethical standards from the APESB are in line with other laws, like the Corporation Act of 2001.

In accordance with the Act, all accounting professional audits and reviews must be carried out with specific legal enforceability.
services-for-assignment-help Aspects that are representative of voluntary practices:
The ethical policy document for both organizations addresses voluntary ethical practices for their related stakeholders in addition to mandatory requirements.

For example, According to CQ University’s Code of Ethics, all members of the university who specialize in a variety of educational fields are required to participate on a voluntary basis in community organizations for the purpose of the sustainable development of society (CQ University Australia, 2012).

Additionally, one of the university’s primary operational concerns is the production of the surrounding environment and practices associated with it, which must be accomplished with the voluntary participation of university members.
In a similar vein, the APESB’s code of ethics examines some voluntary accounting practices.

For instance, According to APESB (2011), professional accountants are required to engage in direct reporting relationships with their clients in order to effectively guarantee their clients’ financial well-being.

According to the ethical guidelines of the organization, assertion-based engagement of professional accountants for the purpose of disseminating proper and adequate knowledge of the subject to clients who are completely unaware of the technical knowledge of accounting is also subject to voluntary practices of accounting professionals.

Reflection of Different Guidelines and Corporate Governance-Related Regulations in Order to Ensure Highly Transparent and Positive Operational Procedures The code of ethics documents presented by the CQ University and APESB clearly reflect different guidelines and corporate governance-related regulations.

For instance, According to CQ University Australia (2012), the university’s code of ethics clearly outlines four fundamental principles regarding corporate governance and ethical guidelines.

The following are the guiding principles:

1. The inherent dignity of students and other members of the community must be respected by all stakeholders.

2. When participating in external activities and public comments, all stakeholders are required to act in accordance with a well-informed conscience regarding university roles and image (CQ University Australia, 2012).
3. According to APESB (2011), every member of a university who is knowledgeable and capable is required to be a member of a community of scholars working for society.
4. In the best interest of the public, each and every member of the University must act with honesty and impartiality.
   The document reflects the responsibilities and roles of various stakeholders while achieving these principles, making it possible to diligently promote public goods and employ corporate social responsibility appropriately.
5. The university’s ethics document requires all related members to keep accurate records of university resources in order to demonstrate transparency in operations.

It is essential to present all material-related financial information and disclosure in the most accurate manner because the university provides members with various resources and facilities to fulfill teaching, research, and administrative requirements.

In order to adhere to corporate governance guidelines, university members are not permitted to conceal information or manipulate internal or external auditors.
The professional accountant code of ethics also sought to adhere to section 226 of the Australian security investments commission act of 1989 and 2001 in the same way (APESB, 2011).

The document reflects the requirement to maintain an assurance team led by senior personnel for the purpose of having a clear and explicit corporate governance structure in order to maintain the country’s regulatory authorities’ corporate governance guidelines and transparency of operations.
sample-assignment-service-provider The APESB imposes ethical obligations on its members to safeguard the confidentiality and privacy of client data in order to ensure that clients, accounts, and financial information are properly monitored and communicated with.

The document shows several regulatory sections that aim to change professional accounting practices in the most ethical way possible.

In addition, in order to avoid ambiguity in information presentation, it is necessary to obtain accurate and efficient information for the client (APESB, 2011).
As a result, the discussion demonstrates that the two ethics documents aim to reflect corporate governance practices and measures to guarantee the transparency of these two related organizations’ operations.

These two documents’ regulations have the potential to improve corporate governance standards for related organizations as well.

For the purpose of aligning the organization’s practices with the corporate governance-related guidelines of the organization, a code of ethics can be reflected as one of the essential operational and strategic requirements.

CQ University and APESB’s important codes of ethics have been reflected in the report that was presented in this setting.

Based on the overall examination of these two documents, it is possible to draw the conclusion that they are intended to provide important and effective guidelines regarding ethical practices carried out by various organization stakeholders.
All of the guidelines outlined in these two documents are meant to reflect two distinct practices: voluntary practices in the interest of society and practices that respond to mandatory requirements imposed by local authorities.

In addition, the report investigates whether the organizations’ ethical guidelines align their practices with Corporate Governance regulations and transparency guidelines.