Ethics in Financial Management Essay Example | Topics and Well Written Essays - 500 words

Ethics in Financial Management - Essay Example In today's world, organisations and workplaces have become extremely diversified and have adopted varied stance s in terms of job processes and the general outlook. What is striking in such a scenario, is the prevalence of organizational or work ethics. Ethics has evolved to become an important aspect of organizational functioning, since it deals with the self-esteem and the very importance attached to employees in an organisation. Is it but well known, that an employee is the building block of an organisation and the importance attached to ethics in today's organisations are a reflection of the same. Financial Code of Ethics is important for the smooth functioning of any organisation. One of the important aspects of financial code of ethics, is to maintain integrity in the generation of accounts. One must ensure the hierarchal accountability and must also adhere to strict confidentiality and secrecy. It is also important to make use of the independence given and to maintain high levels of honesty and transparency. The Enron scandal was something that rocked the business world and also inspired books and movies based on it.