Ethics Article Review Essay

Ethics in invoice and financial decisiveness-making has received change magnitude attention due to large corporal scandals such as WorldCom and Enron in recent long time. Legislation such as the Sarbanes-Oxley Act has attempted to founder corporations more transparent to internal and external stakeholders. After analyzing the 2005 article by Richard Bernardi and Catherine LaCross, Corporate Transparency Code of Ethics Disclosures, recommendations will be make to improve honorable foundations at the San Quentin State prison based on the parameters outlined by Sarbanes-Oxley.In the Corporate Transparency article, the key portend is made that along with changes in the accounting practices, disclosing a order of ethics to the globe will ensure better internal compliance with ethical practices. Those organizations that did not publicly get word codes of ethics were less likely to authentically conform to ethical practices required in the Sarbanes-Oxley Act. The Sarbanes Oxley Act of 2002 was statute law enacted in response to large corporate scandals.The Act calls for public corporations to publicly disclose all financial statements, store all electronic records for five years and these rules are governed by the SEC (Spurzem, 2006). Sarbanes Oxley has impacted organizations in that accountants and financial decision makers are open to public scrutiny based on the public financial statement disclosures and IT departments must adequately create and admit corporate archives that are cost effective and in compliance with legislation (Spurzem, 2006). Organizations have been impacted financially by having to add extra resources to maintain compliance and avoid fines.According to Bernardi and LaCross, . . . one example of a better(p) practice in hydrofoil is a corporation making its code of ethics readily in stock(predicate) for public scrutiny on its website (par 1). Corporations enlarge legitimacy with openly stated code of ethics and websites are an e conomically feasible avenue for making a particular code available to the public. The article argues that organizations that go beyond the basic requirements of Sarbanes-Oxley and declare a oecumenical code of ethics show that the organization is willing to walk the verbalize of ethics.SEC chairman Donaldson is quoted as saying . . . going beyond unsullied adherence or conformity to new dictates and of Sarbanes-Oxley responsibilities that rest at the truly heart of their obligation to create a corporate socialization of transparency and accountability (Bernardi, 2005, par 6). Integrating ethics into a corporate culture is extremely effective in ensuring strong ethical compliance inside organizations. At the San Quentin State Prison, ethics are important in umteen aspects of business including accounting, financial decisions, inmate treatment, medical care, and general work environment. there are many opportunities for unethical practices to take hold in a prison facility. Sin ce the facility is closed off to the general public, self-monitoring is a crucial part of maintaining an ethical environment in all aspects of the prison business. San Quentin has the responsibility to use public tax dollars wisely and ethically as thoroughly as to maintain a corporate culture with high integrity. ground on the research findings by Bernardi and LaCross, the recommendation for a San Quentin State Prison public code of ethics will focus the entire prison cultural towards walking the ethical talk.All prison employees would be held one by one responsible for maintaining the highest code of ethics across all job functions from accounting and financial decision-makers to medical employees. Ethics in business span larger than just accounting and financial-decision making. While these areas are extremely important, developing a code of ethics for all job functions in an organization is prerequisite to maintaining an ethical corporate environment. At San Quentin Priso n, an official code of ethics would indicate the organization to best practices to ensure success.Referenceshttp//searchcio.techtarget.com/sDefinition/0,,sid19_gci920030,00.html