Business ethics refers to the moral principles concerning acceptable and unacceptable behavior by business people. It encompasses values and conduct that business executives are expected to uphold to maintain honest and fair practices with the public.
A code of best practice, established by Thomas Dunfee and David Hess of the University of Pennsylvania, that outlines how a company and its employees should deal with any attempt to make or solicit improper payments. This code emphasizes ethical behavior in business practices to prevent bribery and corruption.
A Code of Ethics is a crucial framework for guiding professional conduct and maintaining integrity within a profession. It outlines the standards of behavior and practices that are expected, providing a foundation for ethical decision-making.
Good Faith refers to the total absence of intention to seek unfair advantage or to defraud another party; it denotes an honest intention to fulfill one's obligations and the observance of reasonable standards of fair dealing.
The International Ethics Standards Board for Accountants (IESBA) is an independent standard-setting body that develops and issues high-quality ethical standards and guidance for professional accountants worldwide.
Moral law refers to the behavioral standards that underpin the morality of a civilization, often informed by religious, cultural, or philosophical principles.
